Use of Funds
Funds may be used for expenses that successfully advance the new venture’s development. The list of “eligible expenses” below is intended as a guideline, however do not consider it a comprehensive list. The judges reserve the right to decide whether or not the expenses are acceptable for use of Edson funds.
Eligible expenses include funding for:
- Building of prototypes
- Market research studies
- Financial modeling
- Marketing/sales of service or product
- Specialized equipment/software/databases in direct advancement of venture
- Scientific validation of concept (e.g. animal studies, computer modeling, etc.)
- Legal expenses such as trademark or patent applications
Funds may NOT be used for:
- Tuition, textbooks or any other similar expense that students would incur even if they did not participate in the program.
- Business meals and/or entertainment
- Personal computers (provided at Edson facility)
- General business mentors (provided by program)
- Salaries for employee
- Travel
