Administrative Fee Cap Policy

Funding from the Innovation, Bioeconomy and Indigenous Opportunities Branch (IBIO) encompasses overhead and administrative costs for approved projects. Up to a maximum of 15% of the total funds can be allotted for administrative costs.

This includes:

• Subsequent overhead and administrative costs (e.g. hiring new professionals, outsourced accounting required for the project, etc.)

• Costs apportioned from the current organization’s expenses directly part of the IBIO funded project (e.g. the relevant portion of rented space, or existing staff’s time designated for supervision of the funded project.)

Costs not considered overhead and administrative expenses include capital expenses and direct costs needed to run or deliver the funded project. These fall under a separate category within the funding envelope.