By: Jessica Stewart, Client Relations Manager
Let's talk about match. Match for OCAST OARS or Intern Partnerships, that is. Match/cost share can get confusing. Let's try to simplify.
What does matching (sometimes also called cost share) mean?
In the case of OARS or Intern Partnerships, it means for every $1 you request from OCAST, you must show $1 toward the project from another non-state source. (Private investment, company $, SBIR funds, or others)
Perhaps you have an OARS project that will have a total cost of $800,000.
$400,000 can be requested from OCAST.
The other $400,000 will need to be "matched" by you to meet the $1-for-$1 requirement.
Essentially, in this example, OCAST gives you a 50% off coupon for your project by covering half of the costs proposed.
What is a matching source?
š² Cash
š² Salary/benefits
š² Travel / supplies / materials
š² Testing/validation tasks/contractual services
For the purpose of OARS and Intern Partnerships, match must:
š° Be spent during the OCAST project period (costs incurred prior to, or after, the project period cannot be counted)
š° Directly relate to the project proposed
š° Be direct costs (check https://oklahoma.gov/content/dam/ok/en/ocast/documents/ogx/budget/indirect-costs.pdf for a list of indirect costs)
š° "Strong" match or commitment is demonstrated by clear ties from the matching monies to the project being proposed.
šš» What questions do you have about OCAST match? Ask them in the comments or DM me!
Find this and other OARS/Intern Partnerships tips HERE
