Up to £45,000 worth of funding will be allocated to each successful onboarded applicant as follows:
- 25% paid at the start, as long as applicants provide a business plan including distribution and exploitation plan, finance and budget plan, timeline, confirmation of final team, technical and creative information, confirmation of match funders and investors, granting terms, contracts or contracting terms.
- 60% paid after a demonstration of work in progress displayed during a pre-arranged meeting with Digital Catapult.
- 15% final payment of funding on the provision of an updated business plan detailing distribution and exploitation strategies (including the possible business models) and demonstration of the final experience to a public audience.
For Digital Catapult to grant this funding we must issue and receive back a completed de minimis declaration from each company showing their culmination of de minimis awards over the last 3 fiscal years does not exceed £200,000.