Frequently Asked Questions - Funding Programs
What are the eligible expenses?
MCE’s startup funding is not directly tied to specified expense categories. Rather, it is tied to outcomes that can be achieved by investing the funding in a diligent and smart way. However, there are certain categories for which MCE will not provide funding including:
- Leasing or purchasing of office space
- Leasing or purchasing non-specialized equipment and assets (laptops, for example); or
- Any expenses not contributing towards the outcomes stipulated by the specific fund
Are applications competitive?
The Fail Tale Cup Fund uses a competitive application process with an annual call for applications each Spring/Summer. Applications for the Spark Fund and the Ignite Fund are accepted year-round until all available funds are awarded. We advise interested applicants to apply for funding as soon as possible (provided you have a clear purpose and meet the application criteria).
Do I have to pay back the funding I receive?
No. All of the MCE funding is non-repayable. If you do end up becoming a billionaire and MCE helped along the way, we won’t refuse any donations!
If you have any other questions, contact us