Accepted Doggies9394 - Grant Application

[Doggies9394]

Firm Name
Mafic Industrial (In-game: MAFC-I)

Which grant pool are you applying for?
Innovation, Startup, Research and Development (R&D)

How do you plan on using your grant funding?
Mafic Industrial is requesting 60,000 in seed capital, necessary for our company to get off the ground and begin operation. Mafic Industrial is dedicated to providing bulk amounts of smelting fuel, automobile fuel, and industrial vehicles to companies and players across Redmont in order to support our critical heavy industry sector. This is an economic niche that we have not seen filled and will provide great benefit the people of Redmont

In order to do this, Mafic Industrial needs a property and intitial material stockpile in order to begin production and selling. With this grant, Mafic Industrial will be able to buy a large property necessary for storage and production, while also having enough resources to begin manufacturing vehicles and fuels.

Exact Breakdown of Requested Funds:

- 40,000 to buy C356. The initial downpayment on the property is 10,000, and the additional 30,000 will provide buffer time for the company to become profitable.
- 20,000 to buy materials and resources. These will be used to begin manufacturing vehicles and fuels, while also providing the necessary resources to begin our own resource extraction efforts.

Ideal Grant Amount 60,000

If awarded, I intend to use the grant money allocated to me for its intended purpose on which it was approved for, and provide a breakdown in my application thread of how the funding was used.
Yes

 

[Dept. Commerce]

Accepted

Dear Mafic Industrial,

The Department is pleased to inform you that your application has been ACCEPTED for a partial amount of $30,000.

The Department agrees that bulk industrial fuel and vehicle production is an under-served sector. Stimulating supply in this "barren market" provides a clear benefit to the economy of Redmont.

Your application provided a clear breakdown and a genuine use case for the funds, demonstrating that the firm is ready to move from an idea to a reality.

The decision to award $30,000—rather than the requested $60,000—is based on budget constraint of the DOC affecting our grant pool, and concerns regarding techical feasability/stability of vehicle plugins.

Please ensure that the funds are used toward the property downpayment and the acquisition of resources as outlined in your application. As per our policy, you are required to reply to your application thread with screenshots of the purchases/investments made & brief description of how the $30,000 was used.