If awarded an RCP grant, how are funds distributed to the awardee?
Funds are distributed only to the Lead Applicant. ODOD will extend a Grant Agreement to the Lead Applicant 3-4 months after approval by the Third Frontier Commission. Once the Grant Agreement is fully executed by both parties, invoicing can begin (on a cost-reimbursed basis). • There was a company forty years ago, decades ahead of its time, with 4% of market share, but the mid-1970s recession killed the concept. Can I use that project to verify the first stages (imagining to market entry)? My idea is to use “current” technology to make it viable today. If nothing has happened on this, you would want to build a case for why it is still viable in the economy. If you can, then you can use it. However, a thirty-year old interest in something could be stale, so you need to make that connection to how it is relevant today.
