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The R2M microgrant offers up to $1,000 to successful applicant teams from NSF I-Corps Hub: West Region universities commercializing university Intellectual Property (IP) and specialized training for customer discovery and technology investigation. Instructors deliver educational sessions from I-Corps Hub West institutions as part of the comprehensive R2M program.

Application Process

Microgrant funding offers up to $1,000, contingent upon available resources. Each microgrant has a four-week performance period starting from the program start date. Teams may request timeline extensions if needed; however, extensions will not be granted solely to utilize unspent funds from the original grant allocation.

Agreement and Acceptance

All applicants must submit a signed statement confirming the following:

• Each team member has read and understands the guidelines.
• The microgrant recipient agrees that this Agreement does not impose any tax liability on I-Corps Hub West staff, including federal, state and local taxes, unemployment insurance or social security tax.
• The microgrant recipient agrees to protect the University of Colorado I-Corps Hub West staff from any claims for such payments by tax authorities, including fines, penalties and assessments for failure to withhold or remit such payments.

Financial Support

Microgrants will be awarded based on resource availability. The project timeline spansÌýfour weeks from the date of the award announcement. While teams can request extensions when necessary, such requests won't be approved if the sole purpose is to spend the remaining funds from the initial grant.

Reimbursement Process

All microgrants awarded will be cost reimbursable. Itemized receipts are required for all reimbursements. A credit card statement will not suffice as a receipt, and Per Diem is prohibited.

Each receipt should include:

• Merchant name
• Date of expense
• Items purchased
• Purpose of purchase
• Total amount
• Method of payment (last four digits of the credit card number)

Reimbursement will be paid via paper check. Expenses past 30 days of the purchase date or 30 days after the conclusion of a trip may be taxable.

Acceptable Expenses

• Online Subscriptions (e.g., LinkedIn Professional or Business)
• Conference/Trade Show registration fees (in-person or virtual)
• Airfare (economy class only)
• Baggage fees
• Lodging (up to $400/night)
• Personal vehicle mileage to/from conferences, trade shows, or airports
• Car rentals (economy class only) and associated gas expenses
• Parking fees
• Ground transportation (Lyft/Uber/Taxi)
• Meals with interviewees
• Personal meals while traveling (not exceeding $100/person including taxes and tip)

Prohibited Expenses

• Alcoholic beverages
• First or business-class airfare
• Premium or luxury car rentals
• Accommodations exceeding $400 per night
• Meals exceeding $100 per person (including taxes and tip)
• Leisure or recreational activities
• Travel supplies (including hygiene, health, and beauty products)

Application Review

All microgrant applications will undergo evaluation by the CU ÌÇÐÄVlogÆƽâ°æ I-Corps Hub West team. Submission of an application does not guarantee funding. All award decisions made by the review committee are final.