The Enterprise, Opportunity, and Innovation Fund mandate is:

• Enterprise
  Remove the financial barrier of startup costs that may prevent the development of new initiatives. Preference is given to submitted proposals that are designed to become self-funded projects once the period they have been funded for (under three months) ends.
• Opportunity
  Dedicated to supporting students who wish to engage in conferences or development projects.
• Innovation
  Granted to initiatives that are not designed to continue, but that will provide a continuing benefit to campus e.g. holding a conference.

General Funding Procedures of the Internal Funding Committee

• VPI receives electronic copy of application and sends application out to Committee
• VPI forwards any questions of the committee to the applicant and requests response within two days
• Committee meets to discuss proposal and will determine if funding will be granted, how much, and any stipulations to funding
• VPI notified applicant with the committee’s rationale, forwards assessment of completed project form to applicant
• After project is completed, applicant forwards assessment of completed project form to VPI with itemized receipts or invoices for the project costs to be funded
• Reimbursements will NOT be granted before the assessment of completed project form is completed and sent to the VPI

The Fund has approximately $5000 for distribution for the 09/10 year. Please see Council Procedure 15 for more specific details.

Internal Funding Committee Application Form

Sample Budget

Assessment of Completed Project