The fund provides a one-time payment of between $50,000 and $100,000, paid in full to a company at the seed stage when the contract is signed. From 2019 to 2022, 180 projects were funded by this fund, for a total of $17,551,275, so an average of about $97,509. Almost everyone who applied received the maximum funding, $100,000. Is that true or false?
