Program Implementation
Accountability and Reporting Requirements
Ownership of Infrastructure and Intellectual Property
Liability
British Columbia Knowledge Development Fund approval of a project will be conditional on all partners being financially committed, in writing, within six months of the approval date.
Applications that fail to receive financial commitment in writing from all partners within that time will be removed from the competition. These applicants will be eligible to reapply in subsequent competitions.
Funding will be disbursed to successful applicants using established provincial capital funding mechanisms and will be subject to the same provincial controls.
For multi-year proposals, subsequent disbursements will depend upon the applicant demonstrating that milestones and reporting requirements have been met. Any increase to the cost or scope of the original project description must be approved by the Province in writing before expenditures are incurred.
The Canada Foundation for Innovation requires funding recipients to substantially start construction/renovation components of projects within 18 months of confirmation of CFI awards. For the BCKDF program to be aligned with the CFI, BCKDF also requires that construction or renovations be substantially started within 18 months of the BCKDF approval, and that institutions purchase equipment within 18 months of the BCKDF approval.
Each institution that receives funding from BCKDF will be required to report on the outcomes of that investment. The Ministry of Small Business, Technology and Economic Development will develop appropriate accountability measures based on the nature of the infrastructure to be funded. The applicant will be informed of the accountability requirements before initial funding is disbursed. These measures may include, but are not limited to:
- Impact of the infrastructure on research
- Program management strategy
- Detailed implementation schedules
- Major milestones and deliverables
- Performance measures, such as the number of researchers using the infrastructure, the number of students trained on the infrastructure, etc.
- Canada Foundation for Innovation and other funding disbursal timetables
- Financial reporting and audit
- Governance
- Job creation figures and other appropriate economic indicators
- Press release dates
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The ownership of infrastructure that has been created or enhanced with funding from the B.C. Knowledge Development Fund will be vested in the institution, alone or in partnership with other applicant institutions, as appropriate.
The Ministry of Small Business, Technology and Economic Development will not assert any ownership of, or copyright in, any intellectual property arising from any infrastructure project funded by BCKDF. The institution or the inventor will own these rights, in accordance with current institutional policies.
Where the infrastructure purchased is to be located at a site other than a B.C. public post-secondary institution or affiliated teaching hospital, a Capital Asset Protection Agreement may be required.
In no event will the Province of British Columbia be responsible to the user or owner of any infrastructure funded by BCKDF for any special, general, direct, indirect, incidental or consequential damage or loss that may arise from the use or operation, proper or improper, of the infrastructure.
Note:
These guidelines are subject to change without notice. Applicants are responsible for ensuring they have the most up-to-date version. Any changes will be posted here.
