261—105.4 (82GA,HF829) Project funding.
	 105.4(1) Awards shall be made on a per-project basis upon board approval.
	 105.4(2) The maximum award shall not exceed $150,000 for a single project.
	 105.4(3) Funds may be used for refining a prototype, acquiring managerial expertise, purchasing equipment, or creating marketing materials.
	 105.4(4) Funds may not be used for university overhead expenses or any work that was conducted prior to the term of the contract by the applicant or any third-party consultant.
	 105.4(5) The forms of financial assistance may consist of, but are not limited to, loans, forgivable loans, grants and such other forms of assistance the board deems appropriate and consistent with the needs of a given project.