Projects are typically funded in the range of $30,000 - $50,000 in MTRAC Program funds
plus matching funds based on the matching requirement tiers. Indirect costs of 15%
on top of the MTRAC award portion may be requested subject to the policies of the
applicant institution. Federal funding, outside investment, or institutional funding
attributable to the project scope may qualify as matching funds subject to relevant
policies and regulations. Budgets should address milestones that de-risk a technology
in preparation for follow-on investment. Researchers are strongly encouraged to discuss
budget development with the Commercialization Program Director prior to submission.