Eligible Project Costs

The Foundation may fund, on average across its portfolio of funded projects, up to 33 percent of Eligible Project Costs and never more than 50 percent of eligible project costs for any given project. Individual project-funding limits are set by the SDTC Board of Directors at the time of project approval. Eligible project costs include:

(a) all goods and services and professional and technical personnel costs required to plan and conduct the scientific, technical, environmental, management and/or reporting activities directly related to the project (labor rates include T4 rates plus benefits but do not include a percentage of direct labor as overhead);

(b) The cost of capital items that have no residual value beyond the period of funding of the Eligible Project and are specifically required for the delivery of the project, including but not limited to the lease of land or license to use land, data collection equipment, prototypes, pilot plants or Demonstration plants including facilities that are themselves necessary for the project ; and

(c) The depreciation expense for the period of funding, of capital items that have an enduring commercial value accrued to an individual organization beyond the funding period, as determined by GAAP; and

(d) Feasibility studies pertaining to the Eligible Project

Non-Eligible Project Costs

For greater certainty, eligible project costs do not include:

(a) general overhead costs of the Eligible Recipient, including operating costs related to the general maintenance, repair and overhead costs of the Eligible Recipient;

(b) the cost to purchase or lease real property other than as permitted by (b) and (c) in Eligible Project Costs above;

(c) administrative costs not associated with eligible project costs;

(d) conference or travel costs not specifically required for the project;

(e) costs of office supplies, equipment and furniture not required for the project;

(f) capital costs associated with ongoing scientific or technical activities of the project consortium;

(g) costs to decommission a funded project; and

(h) costs associated with the subsequent diffusion of the technology, such as costs of preparing business plans, marketing studies and licensing of intellectual property.