Grant Round Processes

​Letter of Intent (LOI)

• Letters of Intent (LOI) are accepted upon the opening of a Grant Round, through the submission deadline.
• LOI are electronically submitted as a .pdf document using the form provided.
• Each LOI is reviewed by members of the Project Management and Oversight Panel (PMOP) to determine if the proposed project meets minimum funding criteria.
• Those project teams whose proposals meet criteria are invited to submit a full application.

​Application

• The application is submitted as a .pdf document using the provided form, through the submission deadline.
• Each application is reviewed by members of the PMOP using the scorecard.
• The eight (8) highest ranked teams, based on scoring results, are invited to present in person to the Project Management and Oversight Panel. 

​Proposal Presentation

• Invited teams submit their presentation as a PowerPoint using the provided template. 
• Presenters are allotted 20 minutes, followed by 10 minutes of Q&A, led by the Project Management and Oversight Panel.

​Funding Decisions

• Based on the recommendations of the Project Management and Oversight Panel, our Board of Directors makes all final funding decisions.

Awarded Projects
Requirements

• Approval for funding by the Virginia Catalyst Board of Directors is subject to the negotiation of meaningful milestones, which are laid out in the grant agreement.
• Matching funds must be verified by our accounting firm prior to the first disbursement.

Progress Reporting

• We require semi-annual project reports from all open projects. 
• A Final Report is required by all projects to receive the final milestone payment.
• Annual reports may be requested from the project team for up to five years after the project end date.