Institutional overhead is not an eligible Voucher for Innovation and Productivity project expense and should not be included on either the OCE or industry funded portions of the VIP budget.
The institutional overhead that is to be attributed as part of the OCE contribution on the VIP will be calculated directly by OCE and paid annually to post-secondary institutions at a rate of 10 per cent of the direct costs of OCE-funded research for all VIP projects awarded after March 31, 2019. For the existing VIPII projects that were awarded prior to March 31, 2019, institutional overhead remains 20 per cent of the direct costs reported.
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