The awarded grant is an untied grant. However, if an applicant does not comply with the award agreement (including the terms and conditions), VCIC may request the repayment of the grant funding previously provided to the applicant. Funds will be disbursed in tranches and upon meeting the agreed projects milestones.
The grant funding can only be used for eligible expenses specified in the contract’s annex only. Examples of eligible and ineligible expenses are provided in the application package. The grant funding is meant to assist applicants develop, launch, or scale up their project, it is meant to be used for the project and therefore a successful applicant will not be allowed to repay previous investments made into the project.
Any expenses incurred prior to receiving the grant funding will not be eligible for grant funding.
If a successful applicant chooses to submit a patent application, the grant funding can be used to cover costs associated with that.
For further information on the PoC competition, you can refer to the PoC competition application packet or the website at www.vietnamcic.org. It is recommended that applicants check the PoC competition website on a frequent basis for updates.
If you have any questions or need clarification on the PoC competition, email us at email@example.com; or contact us at: 04.38533333 (during working hours from 8:30 AM to 5:30 PM from Monday to Friday).
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