For each call for proposals, the total funding amount requested by applicants greatly exceeds the annual funding budget of the Medium and Large investment streams.
The VMC assesses all eligible proposals to ensure compliance with VMC requirements, including the mandatory criteria identified below. A proposal that meets these criteria is then evaluated by the VMC Advisory Committee against the rated criteria to determine if it will be recommended for investment. The VMC also prepares proposal summary information to assist the committee in its work.
The committee’s evaluation process involves individual assessments and group discussions. At its annual meeting, the committee decides which proposals to recommend for VMC investment.
Once the call for proposals closes, the evaluation process takes six months, including the evaluation by the committee.
Date modified: June 2020