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 Phase I 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
*Scientific verification of an innovative idea prior to a bigger development plan
**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 Phase I 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
*Scientific verification of an innovative idea prior to a bigger development plan
**Schedule may be subject to change



Eligible Development Stages