OCE will support up to 50 per cent of the eligible research costs, with a minimum annual OCE investment of $50,000 and a maximum annual OCE investment of $75,000.
Projects must be between 12 and 24 months in duration. The maximum OCE investment is $150,000 over two years.
Institutional overhead is not an eligible VIP II project expense and should not be included on either the OCE or industry funded portions of the VIP II budget. The institutional overhead that is to be attributed as part of the OCE contribution will be calculated directly by OCE and paid annually to post-secondary institutions at a rate of 20 per cent x direct costs of OCE-funded research. The institutional overhead on the industry funded portion of the project must be discussed with your institution’s research administration office at the time of application to ensure it is correctly accounted for.