Rates for FY2024, unless specified otherwise in your proposals.
| Startup - R&D Spend (<$1M) |
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| R&D Spend | Base Fee | Fee Cap (% of expenditure) | Indicative Fee | R&D Offset (43.5%) |
| <$80k | 4,000 | $4,000 fixed fee | 4,000 | 0 - 34,800 |
| $80k - $170k | 4,000 | 6.00% | 4,000 - 10,200 | 34,800 - 73,950 |
| $170k - $400k | 8,000 | 5.00% | 8,000 - 20,000 | 73,950 - 174,000 |
| $400k - $1M | 12,000 | 3.00% | 12,000 - 30,000 | 174,000 - 435,000 |
| Scaleup R&D Spend ($1M-$10M+) |
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| R&D Spend | Base Fee | Fee Cap (% of expenditure) | Indicative Fee | R&D Offset (43.5%) |
| $1M - $3M | 16,000 | 1.50% | 16,000 - 45,000 | 435,000 - 1,305,000 |
| $3M - $6M | 32,500 | 1.25% | 32,500 - 75,000 | 1,305,000 - 2,610,000 |
|
$6M - $10M |
54,000 | 1.00% | 54,000 - 100,000 | 2,610,000 - 4,350,000 |
| Large R&D Spend ($10M-$100M+) |
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| R&D Spend | Base Fee | Fee Cap (% of expenditure) | Indicative Fee | R&D Offset (43.5%) |
| $10M - $30M | 67,000 | 0.75% | 67,000 - 225,000 | 4,350,000 - 13,050,000 |
| $30M - $60M | 175,000 | 0.60% | 175,000 - 360,000 | 13,050,000 - 26,100,000 |
| 60M - 100M | 294,000 | 0.50% | 294,000 - 500,000 | 26,100,000 - 43,500,000 |
| Unicorn R&D Spend ($100M-$1B+) |
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| R&D Spend | Base Fee | Fee Cap (% of expenditure) | Indicative Fee | R&D Offset (43.5%) |
|
100M - 300M |
192,000 |
0.20% |
192,000 - 600,000 |
43,500,000 - 130,500,000 |
|
300M - 600M |
535,000 |
0.18% |
535,000 - 1,080,000 |
130,500,000 - 261,000,000 |
|
600M - 1000M |
894,000 |
0.15% |
UNICORN |
261,000,000 - 0 |