Task C - Phase I Funding: Detail

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School: VITAsat Telecommunications Network • Quest 010: Funding Requirements

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Task C: Phase I Funding: Detail • Due Date: 5/18/2000

C. Total funding requirements for Phase I are approximately $15 million, including a contingency of $2.0 million
1. VITA has a $1 million funding requirement before any contingency
a) $0.5 million incurred license costs
b) $0.5 million license liaison, information packaging beta testing and marketing programs
2. Wavix has a $3.0 million funding requirement (In addition to the $1.3 previously committed by strategic partners)
a) $1.8 million staff & infrastructure
b) $1.0 million satellite system
c) $0.7 million mobile ground terminal design and testing
d) $0.5 million two demonstration buoys
e) $0.3 million marketing expenses
3. ICORE has a $9.0 million funding requirement
a) $1.0 million for marketing and membership
b) $ 8 million for 1000 site equipment and installations ground site /energy
4. Joint Venture project contingency provision of $2.0 million funding requirement (Pending preparation of detailed plans and budgets

Reports posted for this Task:
X-C-2 Wavix Financing Requirements by Daniel H.