| 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. |
| Minimum requirements |
All projects must be derived from publicly funded research and only PreSeed eligible expenses can be claimed.
- Budget & milestone plan
- 1 external reviewer encouraged
|
| 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 |
- Submit Quarterly Project Progress Report.
- Submit invoice with Quarterly Project Progress Report to admin@kiwinet.org.nz at the end of each quarter.
- Submit a Project Change Form to admin@kiwinet.org.nz if the project requires a change in budget, end date, or major change of outcomes.
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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.
