Eligible Expenses
The IRP provides funding in the form of a grant to cover the following expenses:
- Business plans, strategy development, feasibility / viability studies, market research, market analysis, technical studies
- Financial expertise services including, forecasts and financial modelling, accounting services, financial recording, cost analysis
- Legal, financial, or other technical expertise advice, guidance, and services
- Impact Measurement
- Research and development
- Marketing, design, branding, or expenses related to acquiring software, web site/ecommerce design, digital products, software packages
- Product development, production of prototypes, market and product/service tests, percentage of licensing or market fees
- Minor asset purchases and / or renovations (must be related to enterprise development)
- Incremental HR / staff expenses dedicated to carrying out activities and admin. costs related to the project (up to 20% of project budget)
Other expenses may be considered. To receive guidance, please contact our IRP Coordinator, Shady Hafez.
What the non-repayable capital cannot be used for?
- Core operating costs of the organization
- Real estate or land purchases
- COVID-19 related business relief
- Individually owned enterprise development
- Fundraising events and conferences
- Travel not related to enterprise business