LIRA Funds 2019 : Call for Proposals for Industrially supported Academic projects, co-funded by Banque du Liban




LIRA program is launching the annual Call for Proposals for industrially supported and applied academic projects, to be co-funded by BDL.
Applications are open as of January 15, 2019 and will close on February 15, 2019.

Eligibility

To be eligible for consideration in the LIRA Fund 2019, projects must be:
• Submitted through the online application portal prior to the deadline
• Prepared by students, on their final year of an accredited bachelor of engineering program, or on a masters of sciences or engineering program, or within doctorate programs
• Strongly leading to tangible industrial development
• Supported by a functional prototype that would be showcased during the LIRA 15 Forum, in early June 2019 (with the exception of Doctorate projects, who may be allowed to present their prototype at the next annual forum).

Submission

LIRA Fund 2019 applications should be filled online by visiting our website, and following the detailed steps, at: www.liraprogram.com

Deadline

Deadline for all applications is 15th of February 2019, after which no further applications or modifications will be accepted.

Screening

LIRA qualified specialists will evaluate and asses all applications based on the criteria and conditions published on our website. Final decisions on accepted projects will be released one month after the application closing date.
Once accepted, applicants will be notified to immediately supply us with a hard copy of the submitted proposal signed by the Academic Supervisor(s), Dean (or authorized signatory) of the concerned Faculty, and the Industrial Partner -who also has to issue and sign an endorsement letter on official company letterhead, specifying their contribution to the project, in addition to a copy of their valid industrial license.

Financing

LIRA will co-finance admitted projects that are directly developed with valid industrialists, up to 50% of the applied research project materials cost, and with a ceiling of $3,000 for Graduating Projects and $5,000 for Doctorate Projects. Detailed budget breakdown for the project must be provided within the application. Grant budget will depend on the needs and the quality of the project and will be subject to review, verification and re-evaluation by LIRA. Furthermore, issuing of any reimbursements will be only after assessment of submitted official invoices and receipts, and is conditional on the execution and demonstration of the project functional prototype in the LIRA 15 Forum, expected to be held in early June 2019.