Frequently Asked Questions

Eligibility

1If my proposal does not target populations in low-and middle-income countries, but addresses those diseases mentioned in the RFP, am I eligible to apply?
No. Proposals must seek to reduce the burden of disease in populations living in the world’s poorest nations through access to new therapies or diagnostics.
2Are Korea-based subsidiaries considered as eligible Korean entities and organizations?
Yes. As long as your organization is a legal business entity registered and has R&D facilities in Korea.
3How do you define an eligible entity?
Eligible entities include academic institutions, public and private research organizations, non-profit organizations, for-profit companies, or other recognized institution capable of supporting the proposed activities and administering grants and are legally established in accordance to the law of their countries.
4Do I need any specific academic qualifications to apply?
No. This call for proposals is open to everyone regardless of age or academic qualifications. However, the project lead and team must have the necessary qualifications and skills to carry out the proposed activities of the innovation.
5Do I need a collaborator?
Please see Section 2 of the Request for Proposals, which outlines the eligibility criteria for investigators based in Korea and from other eligible countries.
  • Applicants from Korea:
    It is not mandatory for applicants to have a collaborator outside of Korea at the time of proposal submission. However, there should be a good partnering plan in place for the proposed project and/or for patient access to the results of the project.
  • Applicants from other countries:
    The Fund requires applicants outside of Korea to have at least one Korean-based collaborator as defined in Table 2.1 of the RFP.
6Can the grant be used to support specific technology development that is already underway (i.e., development of new technology platforms) and will proposals for basic research be considered?
Eligible projects are listed in in Table 3.1 of the RFP.

Application and Review Process

1Where do I find the application forms and templates to apply to the RIGHT Fund?
  • Where to submit the ITA: Interested applicants must visit Apply for funding > Intent To Apply page. You will be asked to register and create an account in our grant management system when you follow the link on the website.
  • Where to submit the full proposal: Invited applicants will gain access to a full proposal tab on the RIGHT Fund’s grant management system. Please submit all and only the documents requested and only use the full proposal template provided.
2Can an applicant submit more than one application?
A project lead may only be listed on one application to this request for proposals. An entity may, however, submit multiple applications, provided if each proposal is led by different project leads and addressing different public health needs.
3Does the RIGHT Fund accept proposals in Korean?
No. Only proposals in English will be accepted.
4Will the selection process use a peer review or champion-based review in evaluating application?
The selection process is peer reviewed and will consist of a panel of Expert Reviewers (ER) to identify and prioritize the most promising proposals before submission to a Selection Committee(SC). The SC will carry out in-depth reviews and discussions taking the ER’s comments into consideration followed by a recommendation to the Board of the Directors (BoD). The BoD of RIGHT Fund will make all final award and non-award decisions.
5Can I submit hard-copies and materials along with my full proposal application?
No. The RIGHT Fund cannot accept any supplementary materials submitted with proposals other than soft copies of additional information requested in the proposal.
6How will I know if my proposal is approved for funding?
At the completion of the evaluation & approval process, RIGHT Fund staff will inform successful applicants of its investment decision. RIGHT Fund staff reserve the right to abstain from providing formal feedback to applicants receiving a non-award decision.
7Can applicants contact RIGHT Fund Selection Committee members?
The RIGHT Fund restricts communications between current and potential awardees and Selection Committee members and requests they refrain from queries, concerns, and requests related to RIGHT Fund and its processes. The RIGHT Fund management team will coordinate all communications among the parties. This is required to ensure and enhance organizational transparency and fairness in the decision-making process.
8Can the partnership resubmit its proposal, with or without modifications, after a non-award decision?
Proposals that are not awarded funding may be resubmitted in future funding rounds.

Funding and Budget

1In what currency will the grant from RIGHT Fund be provided?
Budgets should be submitted in Korean Won (KRW, ₩). Currency for investment transactions will be discussed with each awardee.
2What is the maximum budget for awarded project?
For the 2019 RFP, the maximum budget per project (over three years) is set at 4 billion Korean won (KRW). The RIGHT Fund will only support up to 50% of the total project costs.
3Do I require co-funding?
Because the RIGHT Fund will only support up to 50% of the total project costs, you must provide a plan to secure full funding to complete the project.
4As an awardee, what types of country approvals will I need in order to accept funding from the RIGHT Fund and when should I start this process?
Every country has different requirements for accepting foreign money and some countries require a formal approval. It is up to the awardees and their Institution to obtain any relevant approvals.
5I am an individual seeking financial assistance for my project, am I eligible for a grant from RIGHT Fund?
No. The RIGHT Fund does not provide support to individuals.
6I am raising money for a non-profit organization’s operations budget, am I eligible for a grant?
No. The RIGHT Fund only invests on R&D projects.
7What is the RIGHT Fund’s policy on indirect costs? (e.g. overhead)
Indirect Cost Rate
Indirect Cost Rate = Budgeted Indirect Costs/Budgeted Total Direct Costs (e.g. personnel, sub-awards, etc.)

Indirect Cost Rates for grants are subject to the following limitations:
  • Government Agencies, Other Private Foundations: 0%
  • Universities, Academic Institutes: 10%
  • Non-governmental organizations, Non-profit foundations, For-profit organizations: 15%
8Does the RIGHT Fund award scholarships?
No. The RIGHT Fund does not award scholarships.
9Do investment awards from the RIGHT Fund cover capital equipment?
No, the RIGHT Fund does not provide funding for capital equipment.

Partnerships

1What are the expected partner responsibilities?
Partner roles and responsibilities as they relate to project activities should be defined by applicants and included in proposals.
2Does the RIGHT Fund require contractual agreements between collaborating partners?
It may not be a requirement for the funding decision but if a project requires certain partnership from the beginning or in the course of the project, such contractual agreements can be set as project milestones. The RIGHT Fund reserves the right to retract our decision especially for a late stage project if full funding for the project can’t be secured before the start date of the project.

Intellectual Property

1How does the RIGHT Fund manage intellectual property issues?
Intellectual property and other access issues are addressed in the Global Access Policy section of the RIGHT Fund website.

Others

1Will awardees continue to undertake public engagement activities after securing the grant?
The RIGHT Fund may elect to highlight and showcase the work of awardees in certain instances.
2Who should I contact if I have a question?
General questions regarding the application to the Fund can be directed to rightfund@rightfund.org (Please use email subject line: R-RFP-2019-001_Questions).