How long are the grants and seed investments valid?
Grants are one-time gifts that are renewable if outstanding progress is made on a gadget. A minority of grants will be renewed. For $100,000 seed investments, we make the investment in tranches (finance-speak for “segments”) based on milestones. We will give some funding up front and then incrementally provide funding based on usage targets for the gadget that we set in conjunction with the company.
