Common use of Finance Plan Clause in Contracts

Finance Plan. Describe the necessary financing the Contractor will require to commercialize the product, process, or service, and when it will be required. Describe the Contractor’s plans to raise the requisite financing to launch the Contractor’s innovation into Phase III and begin the revenue stream. Plans for this financing stage may be demonstrated in one or more of the following ways: • Letter of commitment of funding. • Letter of intent or evidence of negotiations to provide funding, should the Phase II project be successful and the market need still exist. • Letter of support for the project and/or some in-kind commitment, e.g., to test or evaluate the innovation. • Specific steps the Contractor is going to take to secure Phase III funding. Contract No. HHSN261201300060C NCI Control No. N43CO-2013-00060 Modification No. 4