Enlargement of the mini-scale project budget & grant size
Date
2015-09-01 10:05:12
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Enlargement of the mini-scale project budget & grant size
KORIL-RDF officially announces the increase of the mini-scale project and its grant size is effective from July 2015.
At the KORIL-RDF Board of Directors meeting in June 2015, it was decided to double a mini-scale project joint budget to a maximum of 400K, & double the maximum joint grant to 200K, or 50%.
Mini-scale projects:
Before
As of July 2015
Maximum Grant Size (USD)
100,000
200,000
Maximum Project R&D Costs (USD)
200,000
400,000
The mini-project is for a term of up to one year, proposals may be submitted year round - no deadline.
Following standard KORIL technical evaluation & due diligence procedures, such proposals may be approved by the Chief Executive of KORIL. Board of Directors approval is not required.
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