Program Monitoring Process
The Secretariat may visit the project locations, anytime after signing of the agreement up to one year after completion of the project in question, to ensure that the installation and use is compliant with the approved application. Such visit may be arranged with or without advance notice.
On-site Checking
The Secretariat may conduct on-site checking to verify the project progress and results for individual projects.
Completion Report
Enterprise should complete the project within 6 months from the date of signing of the funding agreement with the Secretariat; and submit the completion report (a sample is at Annex C of the Guide to Application) within two months of completion of the project, including but not limited to the items below upon completion of the project:
- a summary of technologies adopted;
- statement as to any deviation from the project proposal approved by the VC; and
- benefits achieved under the project so far.
Notes for Auditors
Disbursement of Funds
The payment will be effected on a reimbursement basis upon the acceptance of the required completion reports and audited accounts. Disbursementwill be effected only after the funded enterprise has contributed funds for the project on a matching basis. Applicants can refer to the Guide to Application for more details of project monitoring
Performance Pledge
Statistics
(Position as at 30 June 2022)| Applications received | Application approved | Application rejected | Applications withdrawn | Total amount of approved funding |
|---|---|---|---|---|
| 1457 | 541 | 164 | 752 | $19,732,585 |