EXPENDITURE
Eligible Expenses
- Prototype development expenses such as equipment, materials, consumables, consultants and temporary staff/students recruited specifically for the project.
- Market validation and industry engagemtn expenses like Zoom licenses, travel costs, etc.
Non-Eligible Expenses
The funding is not intended to be used to offset fixed staff costs and overheads that the organisation would have incurred anyway if the project did not proceed. Nor is the funding intended for IP protection, academic conference attendance or clinical trials. It is expected that such costs are already covered from other funding sources such as the research grants, PreSeed Accelerator Funding or the research organisation’s own funds.