Type of Program:
The NouLAB Prototype Fund provides funding of up to $5,000 to NouLAB teams to prototype ideas to address complex issues.
Comments on Funding:
Funding is up to $5,000.
Applicants are eligible for only one funding application per team for prototyping.
Funding awards are taxable.
When It Ends:
Applicants must submit the online application form.
Funding will be subject to a Terms & Conditions contract which specifies the amount of the award, the installments, the term of the funding, the holdback and the requirements for funding recipients including provision of regular progress reports and receipts.
Funding for prototyping will be distributed through and managed by ONE team lead who will be the primary contact for communications.
Applicants must submit:
Funding recipients are required to provide interim and final progress reports.
Other Things to Note:
The ChangeMaker Funding Program is NOT about the funding. While the funding helps early-stage entrepreneurs and innovators test ideas and build sustainable business models, this program is designed to help build success through providing on-going support and opportunities.
Leave a Reply