IDEA will give EUR 12,000 in two tranches, to be utilised for the purposes of developing their startup admitted in IDEA. Each tranche shall be disbursed by the Incubator-Accelerator to the Company as follows:
€6,000 when the Company enters stage B (to the satisfaction of the 2nd Evaluation Committee), and the IDEA shares have been issued and allotted to the Incubator -Accelerator according to the relevant provisions and
€6,000 at any day of the 7th month of their 9 month residency in IDEA provided that the Company's daily presence at IDEA premises continues and the Company implements in practice the give, take & share culture of IDEA, as described in the participation handbooks signed with the participants. Finally the Company demonstrates significant progress to the satisfaction of the Incubator-Accelerator's Board.