TAKEOFF Seed Fund Award
GRANT AGREEMENT
Name of Lead Applicant:
Name of Project:
1.
I, the undersigned, hereby declare that the information being submitted with regards to the
application is correct.
2.
I also confirm that:
 The costs on which the grant is being claimed are not recoverable in any way from other
sources;
 There are no pending applications requesting assistance (financial or fiscal) in relation to the
cost items listed in this application;
 I have not undergone any disciplinary proceedings for the misuse of funds awarded through
other competitions/projects
 The applicant has no arrears with respect to VAT, Income Tax, Social Security and/or rental
payments to the Government of Malta in relation to this business activity.
3.
I shall work closely with the TAKEOFF team to deliver my milestones and move forward with the
commercialization of the business/technology.
4.
If the implementation of the project becomes impossible, the remaining unspent funds shall be
transferred back to the Ministry for the Economy, Industry and Small Business. If I fail to implement
the project or if anything contained in this Agreement in particular clause 2 is false, the Management
Committee shall be entitled to withdraw funding and collect refunds of monies already paid out.
5.
All expenditure must be made as described in this application. I will be required to provide proof of
expenditure incurred in forms such as accounts, physical inventory, time-sheets, payslips, fiscal
receipts, or bank statements.
6.
I will reasonably support the Management Committee in promoting the success of the fund through
timely reporting on time presence in publicity efforts.
7.
Any articles and text material related to the project should include the words: ‘Project supported
through the TAKEOFF Seed Fund Award 2014.
8.
If my venture is successful, I will consider supporting the start-up community in Malta, for example by
sponsoring or otherwise supporting the TAKEOFF Business Incubator and its member entrepreneurs.
For payment purposes, the following details of the person receiving the cheque must be provided:
Name:
Address:
ID number:
____________________________________
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