Mitacs forwards travel grants in two separate instalments to the company only after successful applicants have signed and submitted their required documents.
The first instalment (80% of approved total amount) is released via EFT or cheque upon receipt of the signed Acceptance Form, as set out in the Notice of Approval. Successful applicants must agree to all terms and conditions set out in the Acceptance Form, and can expect to receive the cheque within 30 days.
The second instalment (20% of approved total amount) is released via EFT or cheque upon receipt of the financial report, as set out in the template provided by Mitacs. If the actual spending as outlined in the financial report is equal to or exceeds with the approved budget, applicants can expect to receive the second instalment within 30 days.