Process

• Applications will be accepted and reviewed on a quarterly basis
  The Steering committee will make funding/resource allocation decisions
  
  
• Funding decisions will be based on:
  
  
  • Market attractiveness (size, growth rate, margins, and competitiveness)
  • Competitive Advantage (market need, ability to reach defined market, barriers to market, and potential for additional advantage)
  • Strength of the Implementation Team (competitiveness of team, requisite skills and experience to achieve success)
  • Implementation Plan (description of operations, implementation plan and timetable, cash flow projections, in-kind or cash match)
  • Economic Value (total wealth created, risk/return ratio, and self-sustainability
  • Overall quality of the written plan and data presented
  • Alignment with UC/21 values and goals
    
    
• All applicants will be notified about the outcome of the Steering Committee Review
  
  
• Those applicants who receive funding will be required to submit appropriate progress and financial reports as set forth in the awards agreement
  
  
• Those applicants who do not receive funding will receive a statement that includes reasons why funding was not allocated