In case of temporary delays in receiving funds from sponsor, a PI may apply for bridge finance in order to ensure continuity of an ongoing sponsored program. Bridge finance can only be arranged for ongoing sponsored research programmes for which release of funds from the sponsor is expected in near future as per signed contract and the PI must justify the need for bridge finance in the application.
Sources of Bridge Finance
Funds for bridge finance may be made available through PI’s own overhead account, school overhead account or Vice Chancellor (VC) pool in the same order of preference. In case, bridge finance is requested from a source other than PI’s own overhead account, justification for doing so must be given by the PI. In case, bridge finance is requested from VC pool rather than school overhead account, justification for doing so must be given by the relevant Dean.
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