PreSeed will reimburse up to 50% of the projects eligible costs. Prior approval from the Investment Committee is required. Organisations should submit a Project Development Plan.
|Amount||PreSeed will reimburse up to 50% of eligible costs above $25k PreSeed per project.|
|Description||For eligible costs incurred in executing the business plan and achieving the commercialisation objective.|
|How to apply||Obtain approval from the Investment Committee by submitting a Project Development Plan.|
All projects must be derived from publicly funded research and only PreSeed eligible expenses can be claimed.
|Eligible Costs||See appendix 1 for list of PreSeed eligible costs. Costs can include wages, travel, materials & consumables, securing IP (e.g. provisional patent), technical development, and business case preparation.|
|Expected Outcome||Technology reaches an “investor ready” stage.|
|Process forms and reporting requirements|
Full project reporting must be provided quarterly for all Active Tier Two Projects by submission of a Project Progress Report (4.50) to the Investment Committee.