All NAPIC CPF projects have a total project value (TPV) which is defined by as the combined equal contributions of the research organisation and industry contributions to the maximum value stated in each funding stream. In addition, all CPF projects have a grant value which is the amount calculated at 100% full economic cost (FEC) to the research organisation. The FEC model is defined here. The FEC calculated grant value does not include any industry partner contributions and is equal to half the total project value. NAPIC will award the grant value directly to the RO at 80% FEC. The RO will fund the remaining 20% FEC directly. Worked example for PoC 1: Total project value (TPV): £200k Grant Value (GV): £100K NAPIC contribution (paid at 80% FEC): £80k RO contribution (paid at 20% FEC): £20k Industry contribution (cash/in kind): £100k
