Proof of Concept Eligibility
The POC grant will be awarded through a competitive application process. Project Applications MUST fall within the focal sectors (thematic areas) supported by the CCIC:
|Focal Sectors||Typical Project Types (Not Exhaustive)|
|Resource use Efficiency||Waste-to-energy; materials recovery, reuse and recycling.|
|Water Management||Potable water; rainwater harvesting; efficient irrigation; waste water treatment and recycling; water use efficiency; desalination.|
|Sustainable Agribusiness||Water/energy efficient irrigation systems; waste management; high value agribusiness; sustainable land use practices; waste to energy; wind and solar energy for farms.|
|Solar Energy||Residential and commercial self-generation; residential and commercial water heating; solar-powered air-conditioning.|
|Energy Efficiency||Lighting; household appliances; air-conditioning; commercial cooling and ventilation systems; consumer behaviour; building energy management systems; building design and materials.|
Grants may not be made to activities or industries that are prohibited by the country in which the applicant is based.
Grants are available to individuals and registered business entities nationals or registered in the following countries: Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname and Trinidad and Tobago. Only one application will be considered from each applicant.
Staffs of the CCIC, CARIRI, SRC, the CCIC Management Committee, the Grant Evaluation Committee and their immediate families are not eligible for award of POC grants.
The POC grant activities may greatly vary across entrepreneurs. This will have bearing on what is allowable under each circumstance. However, the critical rule will be that such costs are integral to delivering the POC and reasonable. They may include:
- External fees and labour costs
- Prototype development including design, testing, and field trials.
- Market testing
- Raw materials and consumables necessary to achieve proof of concept.
- Equipment/software necessary to achieve proof of concept.
- Costs in relation to applications for Intellectual Property Rights (IPR) in the Caribbean
- Travel, international and local, if the applicant can justify and demonstrate that these costs are directly linked to the objectives of the project.
The following activities are not eligible for funding by POC grants:
- Staff Salaries
- Commercial marketing and selling costs
- Costs incurred before the award of the grant
- Costs of legal incorporation
- Purchase/rental of non-critical assets (e.g. buildings, vehicles and furniture).
- Construction of infrastructure except where inextricably linked to proof of concept.
- VAT/GCT (only if the beneficiary is registered for this tax)
The Management of the CCIC during the course of the POC grant administration may determine other activities/costs to be ineligible for support.
Other financial considerations
- Funds will be disbursed in accordance with a signed Grant Agreement. In general, the amount of grant awarded will be disbursed in 2-3 tranches except in circumstances where this arrangement is not feasible.
- The entrepreneur must set up a new bank account which will be used exclusively for POC Grant funds
- Procurement using POC grant funds shall adhere to the principles of “prudent shopping”; Entrepreneurs must obtain three quotations for each purchase except where this is not feasible.
- Purchases should be made from the supplier offering best value; if this is not the least expensive option the entrepreneur must justify the choice.
- All expenditure must be approved by the CCIC before being made.
- The CCIC takes no shares, options, warrants or debentures nor does it expect repayment