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?
💲 Cash
💲 Salary/benefits
💲 Travel / supplies / materials
💲 Testing/validation tasks/contractual services
For the purpose of OARS and Intern Partnerships, match must:
💰 Be spent during the OCAST project period (costs incurred prior to, or after, the project period cannot be counted)
💰 Directly relate to the project proposed
💰 Be direct costs (check https://oklahoma.gov/content/dam/ok/en/ocast/documents/ogx/budget/indirect-costs.pdf for a list of indirect costs)
💰 "Strong" match or commitment is demonstrated by clear ties from the matching monies to the project being proposed.
👉🏻 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
