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A funding award does not always arrive before the company spends the money.
Many contribution programs operate on a reimbursement basis.
A company may need to:
- Incur project expenses.
- Submit a claim.
- Wait for reimbursement.
That means funding strategy should also account for:
- Matching contributions
- Working capital
- Reimbursement timing
- Claim cycles
- Cost changes
For example, a $300,000 contribution can still require the company to carry a significant amount of project cost internally.
