The payment of the R&D feasibility study subsidy occurs in two instalments. The timing of these payments will be agreed upon in the support agreement. 

In case of a positive decision, a support agreement is concluded between the ‘Fonds voor Innoveren en Ondernemen’ and the beneficiaries. 

The support agreement is a best-efforts obligation (It binds the partners to make every effort to achieve the described goal.) and mentions the amount of the support and the indicative timing of the payment of the support. Payment is conditional on proper compliance with the agreements and on performing the duty to report unanticipated changes to the project execution and the duty to report on progress. 

The first advance is paid after acceptance of the signed funding agreement and after fulfilling any possible conditions. The second instalment will occur after the final progress report has been submitted and after it has been evaluated by VLAIO, together with the final budget in which the actual costs are detailed. In this final report, you should mention the outcome of your study and the follow-up trajectory.