Milestone based

REWARD FOR SUCCESS

Shorter and clearly defined projects are preferably carried out in a milestone-based, fee-for-service model in which all results and any newly generated IP are 100% owned by the client. A clear plan of project work packages and activities is presented in a detailed project proposal together with the compensation scheme. A basic fixed fee is paid to cover the direct costs of the R&D work done in each time period. When the pre-defined milestone target is reached and experimentally confirmed in client’s facilities, a success fee is paid to fully cover development costs and inventive insight contributed by Acies Bio.