How will money be distributed and who issues the payment?

Once your project has been selected for funding and you have executed a contract with CME, you will receive the award amount in three installments from CME, as follows:

Initial Installment = 30% of award amount,

Second Installment = 50% of award amount.

Final Installment = 20% of award amount.

For more information on details of payments and the requirements for each, check online Project-Payments