If a company has been funded before, can they apply for this grant?
A company that has completed its previously funded project and has reached the objectives for the said project is eligible to apply for Funding.
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FAQ Category: <span>Application Process</span>
How much can my project be funded for?
The Fund currently has no limit per project. Funds will only be provided for eligible costs.
Read MoreAgainst What Criteria will the application be evaluated?
The following are Required: Market Need Value Proposition (a clear path towards operationalizing the product on-the-ground) Team Composition and Roles Customer Validation Clear Revenue…
Read MoreWho Evaluates the Applications?
A BDIH team checks the applications for Compliance before allocating them to an Independent team of experts from industry and academia that are approved…
Read MoreWhen is the deadline?
The Fund has two processes for obtaining applications: Calls for Proposals: Deadlines will be as indicated on the respective call. Rolling basis: There are…
Read MoreWhat is the Turn Around Time for Applications?
Whilst the turnaround times may slightly differ, the guidance below is indicative of the process and related turnaround times: Applications Submitted → Call Closure…
Read MoreHow do I access the Funds?
The Funds are accessed through a prepaid milestone-based approach. Milestones are audited before further disbursements are made.
Read MoreHow do I submit an application?
All applicants should complete an application form on the Jot Form Portal. Applications will not be received by hand or email.
Read MoreHow many applications can a company submit?
A company may only have 1 (one) active project with BIF at a time. A company may submit only 1 (one) application at a…
Read MoreCan I re-submit an improved application following an unsuccessful one?
Yes. Once you are in receipt of an unsuccessful application letter and feedback you may submit an application if the feedback offered gave room…
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