What form should the contribution from the consortium members take?
Contribution could be in any form as far as the consortium agrees to that as been the required contribution from the member. The guidance states that incubatees are members of the consortium. In addition to benefiting from AIIC services, what are their roles and responsibilities to the AIIC? Are they to play a role in its governance? The incubatees will be AIIC clients but it is recommended that they should be represented in the membership of the consortium. For example, if the AIIC will be offering services to farmers or to processors of farm produce the respective farmers can be represented in the membership and governance by, for example, a farmers’ organisation, a cooperative or producers association.
Related Questions
- Is there a minimum number of members that can make up a Consortium bid and is there any reason why it would be looked on unfavourably if a Consortium only had 2 members?
- Are recipients or families members attending the events responsible for any financial contribution?
- Should Some Form of Lifetime Income Distribution Option be Required for Defined Contribution Plans?
