What are the accepted financial models between TECTERRA and the funded entities?
The financial arrangements between TECTERRA and the funded entities is kept as simple as possible but varies by program. For the commercialization funding programs, TECTERRA requires repayment from every investment, but only in the case of commercial success of such investment. For other programs, the funding is made as a grant with some having a repayment option. Lastly, there are programs that reimburse companies for eligible expenses at the completion of agreed milestones. The general intent of all these repayment models is shared risk and the direction of funds towards tangible commercialization activities.