Annexure VI: Financials/ Budget Summary Format


Project Period (in Months) :


A. Milestone of the Project:

Milestone
(in details)
Period
(in months)
Role of Indian Partners
(Activities to be performed)
Role of US Partners
(Activities to be performed)
Milestone 1   1.
2.
1.
2.
Milestone 2   1.
2.
1.
2.
Milestone 3   1.
2.
1.
2.

B. Budget Details for the Project:

Table I: Budget Break-up for various milestones (in INR)

Milestone
(in details)
Indian Partners US Partners Total
Milestone 1      
Milestone 2      
Milestone 3      
Total      

Table – II: Total Budget of the Project:


S. No. Expenditure Heads Indian Partner US Partner Total Cost
    (in INR) (in INR) (in USD)* (in INR)
1 Manpower        
2 Consultancy from external agencies        
3 Equipment        
4 Consumables        
5 Field Trials        
6 Domestic Travel        
7 International Travel        
8 Contingencies*        
9 Any other expense
(Please specify each head separately)
       
Grand Total        

*Exchange Rate: - 1 US Dollar ($) = Rs. 60 for notional purpose only.

Note:

  • All figures mentioned in the above table should be in Indian Rupee (INR) only. No additional funds will be released for any exchange rate variations; this may be provided for in the contingencies head.
  • No institutional overheads/ indirect costs are permitted.
  • The Endowment Fund does not provide for any fluctuations in dollar exchange rates or funding items and activities in the total budget. However, provisions for this may be kept in the Contingencies budget (upto ten percent (10%) of the total budget).

Table III: Budget Break-up for Indian Partner for various milestones in Indian Rupees (INR):


S. No. Expenditure Heads Milestone 1 Milestone 2 Milestone 3 Total Cost
(in INR)
1 Manpower        
2 Consultancy from external agencies        
3 Equipment        
4 Consumables        
5 Field Trials        
6 Domestic Travel        
7 International Travel        
8 Contingencies*        
9 Any other expense
(Please specify each head separately)
       
Grand Total        

Table – IV: Budget Break-up for US Partner for various milestones in Indian Rupees (INR):


S. No. Expenditure Heads Milestone 1 Milestone 2 Milestone 3 Total Cost
(in INR)
1 Manpower        
2 Consultancy from external agencies        
3 Equipment        
4 Consumables        
5 Field Trials        
6 Domestic Travel        
7 International Travel        
8 Contingencies*        
9 Any other expense
(Please specify each head separately)
       
Grand Total        

C. Justification on the Manpower, Equipments and Consumables details (to be provided by both the partners)

1) Manpower/Consultancy:

Name (s) Designation/ Position Time allocated for project (%) Man-month(s) work in the project Salary allocated in the project Role in the project and Justifcation
           
           
           

2) Equipment details:

S. No. Particulars  of equipment Quantity Cost per unit Total cost (in INR) Justifcation
           
           

3) Consumables:

S. No. Particulars Amount (INR) Justifcation
       
       

D. Total Budget of the Project including other funding, in Indian Rupees (INR

S. No. Particulars Total Cost
(in INR)
1 Overall cost of the project  
2 Expected from the U.S.-India Science and Technology Endowment Fund  
3 Funding from other sources (Please specify in detail, separately)
  1. Grants received from federal/non-federal agencies
  2. Grants received from Venture Capital (VC)
  3. Grants received from Angels Network investors
 
4 Any other details  


PART B- TECHNICAL3

1. Problem you are trying to solve

a) Describe the problem and proposed solution?   200 Words
b) What are the existing alternate solutions that people are using and cost of those solutions?   200 Words

3. This section will be updated by September 30, 2014. Please check before submitting Stage 2 application.



2. Description of Innovative Product and Technology

a) What is new/ innovative in the product or technology, which is not offered by other companies that would make social impact?   150 Words
b) What is the current status of the technological development and its validation? Please clarify if the proposed product/technology is at the idea stage/ ready with the prototype/ proof of concept developed/ pilot/ beta/ lab stage/ ready for market.   150 Words
c) What are the critical technologies needed for implementation?   150 Words
d) What is the proprietary nature of the product or technology?   100 Words
e) What are the risks associated with developing this product or technology? How quickly does the technology change? How easily others could copy it?   150 Words


3. Project Timeline

a) What is the current status of the product/service?   150 Words
b) What are the key milestones (3-4) and related timelines for product development and commercialization? Please provide Gantt chart.    


PART C- FINANCIAL


1. Cost Structure, Profitability and Sustainability

a) What are the costs of development?   50 Words
b) Price of the product/services at commercial scale   50 Words
c) How will you sustain the business?   150 Words

2. Historical and Projected Growth Rates

a) Profit and Loss Statement/Projection  
b) Cash Flow Statement/Projection  
c) Sources & Use of funds  
d) Assumptions for above projections  

3. Future Funding Strategy

a) Describe any additional funding required for the project over the next 3 years.  
b) Describe any current fund raising activities and planned in the near future.  


PART D- BUSINESS STRATEGY


1. Market size and customer definition

a) Describe your target customer;   100 Words
b) Describe market size;   100 Words
c) Describe competition and respective market share   200 Words

2. Commercialization Strategy

a) Is there a commercial entity, which has been set up?   Yes/No
b) If yes, details -Location, date of incorporation, registration number, etc.?   50 Words
c) If no, likely place and date of incorporation.   50 Words

3. Sales & Marketing Strategy

a) Describe channels to be used for sales/marketing   150 Words
b) Partnerships - mention existing & expected separately   150 Words

4. Risks & Challenges for scaling up

a) Manufacturing Challenges (If any)   150 Words
b) Customer   100 Words
c) Service   100 Words
d) HR   100 Words
e) Regulatory Compliances/ Environmental clearances/any other Government approvals required for prior to commercialization of the product/process and expected time required for such approvals.   200 Words

5. Any other relevant information

  200 Words