Are university indirect costs an allowable expense?
It is recognised that indirect costs are real costs and therefore if these are not paid then the project is effectively being subsidised by the University concerned. The fund will accept indirect costs as an eligible cost. The negotiation on equity positions for the fund and the other partners will take into account the relative risk taken by partners as the investment develops. A university may at its discretion secure part of its equity position through waiving or reducing its indirect cost position.
