RIGHT FUND RFP
The Product Development Award (PDA) is the standard award that intends to support mid to large scale development projects
While the target disease areas and investment priorities are the same, the two Awards have below differences:
| Technical Accelerator Award | Product Development Award | |
|---|---|---|
| Development Stage | Proof of Concept* | Preclinical and onward |
| Project duration | Up to 12 months | Up to 36 months |
| Project budget | Up to 500 million KRW | Up to 50% of total project cost (4 billion KRW max.) |
| Call Frequency** | Twice a year | Once a year |
**Schedule may be subject to change
The Technical Accelerator Award (TAA) is a new addition to the RIGHT Fund 2020 Request for Proposals. The purpose of this award is to develop proof-of-concept or additional scientific results that can be used to support a future Product Development Award application.
While the target disease areas and investment priorities are the same, the two Awards have below differences:
| Technical Accelerator Award | Product Development Award | |
|---|---|---|
| Development Stage | Proof of Concept* | Preclinical and onward |
| Project duration | Up to 12 months | Up to 36 months |
| Project budget | Up to 500 million KRW | Up to 50% of total project cost (4 billion KRW max.) |
| Call Frequency** | Twice a year | Once a year |
**Schedule may be subject to change