Innosuisse is a Swiss innovation agency that provides funding and support to innovative start-ups and established companies. The agency has in place a funding agreement that provides guidelines on how it funds innovation projects.
The Innosuisse funding agreement is a formal document that outlines the terms and conditions of Innosuisse`s funding of innovation projects. The agreement sets out the responsibilities of both the funding recipient and Innosuisse.
For a start, the funding agreement sets out the eligibility criteria for funding. To qualify for Innosuisse funding, the innovation project must meet certain requirements. Innosuisse considers projects that are innovative, have a high market potential, and offer a significant economic impact. The innovation projects must also demonstrate a clear need for funding and have a sound business plan.
Once an organization has been accepted for funding, the funding agreement sets out the amount of funding that will be provided by Innosuisse. The agreement also outlines the conditions of payment, stating when funds will be disbursed and under what conditions.
Innosuisse requires that funding recipients report on the progress of their innovation project. The funding agreement stipulates the reporting requirements and timelines. The timing of the report submissions varies depending on the type of project and its duration, but funding recipients must provide progress reports at regular intervals.
Finally, the funding agreement sets out the roles and responsibilities of both Innosuisse and the funding recipient. Innosuisse is committed to providing support and guidance to innovation projects, and the funding agreement provides a framework for this support.
In conclusion, the Innosuisse funding agreement is a crucial tool for innovators seeking funding from Innosuisse. The agreement sets out the terms and conditions of the funding, the eligibility criteria, reporting requirements, and the roles and responsibilities of both Innosuisse and the funding recipient. By adhering to the funding agreement, innovators can benefit from Innosuisse`s support and guidance as they develop their innovative projects.