The BFP program does not take any ownership position in either the technology or in the company receiving a BFP investment. If a technology is developed at a university, the company and the university must reach an agreement on the ownership and any royalty required from the development. In a company-based Challenge project, the company retains all rights to the development. Top of page. Top of page.
Confidentiality is maintained at all times.
If approved, you will be notified of approval along with a contract agreement. Funding will start after you sign and return the contract agreement. All contracts end on June 30th of each year. Each year you will need to resubmit a new proposal for review which will compete with other proposals. If your proposal is not approved, you will receive a letter stating why it was rejected.