Webinar starting soon Center for Innovative Technology

Size: px

Start display at page:

Download "Webinar starting soon Center for Innovative Technology"

Melinda McLaughlin
5 years ago
Views:

1 Webinar starting soon 1

2 Commonwealth Research Commercialization Fund (CRCF) FY2018 Solicitation Webinar: Completing the Budget / Budget Narrative Presented by Heather Engen, CIT R&D December 12,

3 Matching Funds What are matching funds? They are required of all programs Funds supplied by the applicants or its partners in an amount matching or exceeding funding requested from CRCF Federal award serves as match for SBIR or STTR Matching Funds Program additional match is optional Matches must be: Active and available during the CRCF period of performance Specific to the CRCF project 3

4 Matching Funds Matches can: Exceed the one-to-one requirement Be provided, even if not required Matches cannot be: CIT GAP Funds or MACH37 State contracts or grants Funds expended prior to or after the CRCF period of performance 4

5 Examples of Matching Funds Cash Salaries / fringe benefits of team members (paid or waived) Materials, supplies, and/or equipment Travel Partner / subcontractor work (paid or donated) Waived indirect costs Federal, private, or other non-cov contracts or grants 5

6 Budget / Budget Narrative Required for all programs Templates: Program-specific Excel document Two tabs both must be completed: Budget Budget Narrative Download from CIT s website: and then by clicking on the program; available in the Documents widget on top right-hand side of the screen 6

Budget See instruction block at the top of the template Provide CIT reference number and project title in appropriate cells (on both tabs) Enter data in white cells only Yellow cells are locked and

7 Budget See instruction block at the top of the template Provide CIT reference number and project title in appropriate cells (on both tabs) Enter data in white cells only Yellow cells are locked and formula-driven; will auto-populate Template automatically calculates direct and indirect costs ratio For multi-year budget templates, send a request to crcf@cit.org; indicate the program and the proposed project duration 7

8 Budget Template 8

9 Budget Narrative Provide CIT reference number and project title in appropriate cells (on both tabs) Enter data in white cells (column B) Wrap text is enabled to capture all content Explain: How CRCF monies will be spent Source(s), amount(s), and use(s) for CRCF requested funds and matching funds Refer to guidance under each category name for what to include in your description / justification; also in Guidelines 9

10 Budget Narrative Template 10

11 Budget Tips / Common Pitfalls Realistic budget for project Use current, program-specific templates Precision in budget; correct calculations Consistency throughout application proposal and budget Clear and complete explanation of costs Direct v. indirect cost ratio Budget category caps CIT will not reach out to applicants for clarification or to request additional information. Submitted applications, including the budget/budget narrative, are expected to be in final form, include all information that the applicant wishes to provide, and be compliant with the content and format described in the Guidelines. Applications that are not in accordance with the Guidelines will not proceed past initial review. 11

12 CRCF Materials All CRCF materials available online and program-specific: Guidelines Templates Sample applications Additional resources available online: FAQs Scheduled and recorded webinars Sample budget 12

Q&A Questions? Contact the CRCF team at: crcf@cit.org Want announcements? Join our listserv: https://goo.

13 Q&A Questions? Contact the CRCF team at: Want announcements? Join our listserv: Need more info on current funding round? Visit: 13

Budget Development Instructions

Budget Development Instructions Development of the county s budget is the responsibility of all agents, the County Extension Council and the Extension District Board (in those counties that have a board). See below for general information