Acquittal of Grants

• Funds will be available to the Institution (if applicable) or Applicant nominated on the Grant Application Form from mid-January, provided all requirements of the Grant Application and Terms and Conditions have been met.  
• Successful applicants may be required to license to the Foundation any intellectual property rights arising from the funded project. These terms will be negotiated and agreed between the Foundation and successful applicants on a case-by-case basis at the time each applicant is notified that their application has been successful.
• Successful applicants may also be required to pay royalties to the Foundation on revenue received by the applicant as a result of the funded project. These terms will be negotiated and agreed between the Foundation and successful applicants on a case-by-case basis at the time each applicant is notified that their application has been successful. If no royalties are specified at that time, the Recipient will negotiate in good faith with CRF to agree a royalty rate (which rate will be determined by assessment of the respective contributions made by CRF and the Recipient to the research, development and commercialisation of the Research Project Outcomes) which the Recipient will pay to CRF in the manner and on terms to be agreed between the parties, on the GST-exclusive revenue the Recipient receives in relation to any commercialisation of any part of the Research Project Outcomes.
• Grants up to and including $10,000 are paid in a lump sum; grants over $10,000 are paid on a quarterly basis (January, April, July, October).
• Research grants are funded for a twelve-month period. An application must be made in writing to the Executive Officer of CRF, within 60 days of the completion of the grant period, to request an extension by no more than twelve months.
• Within 60 days of the conclusion of the project, applicants are required to forward to the Executive Officer of CRF:
  • A one-page summary, in layman’s terms, on the key outcomes achieved. These outcomes may be published as a media release.
  • A signed reconciliation statement verifying expenditure of grant monies received.
• As they become available, conference abstracts, published papers etc arising from the research supported by this grant must be forwarded to the Executive Officer of CRF.
• The applicant or Institution may also be asked to appear in the media to describe the research work. Note: Any media release of information regarding the research findings must be forwarded to the Executive Officer of CRF first, so that Channel 7 Adelaide is given first option to release the story.
• Funding of future applications to the Foundation will depend on the receipt of satisfactory reports throughout the year.
• If there are any outstanding reports or unused funds to be returned from a previous grant, these must be finalised prior to making an application for the current funding round. Failure to do so may make the application ineligible for future funding.
• A separate second-year application must be submitted for the following round if second year funds are to be sought. Please note however that there is no guarantee that a second year application will be successful.