2Grant amount and grant period

2.          Grant amount and grant period

2.1               For the ARC Centres of Excellence grant opportunity:

• the minimum grant amount is $1 million per annum (calendar year);
• the maximum grant amount is $5 million per annum (calendar year); and
• funding may be sought for up to seven years.

2.2               The grant amount for a successful ARC Centre of Excellence is determined on the basis of a recommended budget agreed by the SAC.

2.3               We reserve the right to recommend funding levels which may be less than that requested in the application, and a project duration that may differ from that requested in the application.

2.4               Each organisation listed in the application is required to make a commitment of significant resources to the proposed ARC Centre of Excellence. Resources can take the form of cash contributions and/or in-kind contributions and/or contributions of other material resources.

2.5               The level of contributions from organisations must take into consideration the total cost of the proposed Centre and the relative contribution of each participant at the organisation. We do not specify the type or level of contribution.