PreSeed will reimburse up to 50% of a project’s eligible costs to a maximum $25k PreSeed, and will cover costs incurred in market validation, business case preparation, securing IP and technical development at proof of concept stage. Prior approval is not required from the Investment Committee however you are required to notify KiwiNet when you start the project and report on the project outcomes at the end. This funding can be used to support full commercialisation of a small project, or preparation of a business case for a larger Tier Two project.
|Amount||PreSeed will reimburse up to 50% of eligible costs with a maximum of $25k PreSeed per project.|
|Description||For costs incurred in assessing market & technical opportunity for a technology & preparation of the business case. Use this fund to commercialise a small project, or prepare a Project Development Plan for Tier Two investment.|
|How to apply||Prior approval is not required from the Investment Committee , but the committee will monitor how the funding is used.|
|Minimum requirements||All projects must be derived from publicly funded research and only PreSeed eligible expenses can be claimed.|
|Eligible Costs||Costs can include wages, travel, materials & consumables, securing IP (e.g. provisional patent), technical development, and business case preparation. Please contact KiwiNet for more information.|
Possible outcomes include:
|Process forms and reporting requirements||
The Committee are currently budgeting that no more than 10% of the total amount of PreSeed invested will be spent on Tier 1 Market Validation.