| Engineering/Inventor Team - 12 full-time personnel |
$1,296,000 |
| Scientific Research and Project Management - three full-time personnel |
$324,000 |
| Clerical / Accounting support staff |
$72,000 |
| Outside Engineering and Consulting |
$200,000 |
| Travel, meetings |
$150,000 |
| Facility Rental @ $4000/month for 18 months |
$72,000 |
| Facility build-out to meet needs of project |
$75,000 |
| Utilities, phones etc estimated $800/month |
$14,400 |
| Research Equipment, laboratory supplies, electronic analyzers, fabrication equipment |
$350,000 |
| Out-sourced fabrications and materials |
$200,000 |
| Legal/other professional services estimated |
$50,000 |
| Office supplies, furnishings and misc. |
$50,000 |
| Total estimated budget |
$2,853,400 |
| 10% contingency |
$285,340 |
Grand Total |
$3,138,740 |
