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proposals/grants-and-initiatives/README.md

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@@ -89,7 +89,7 @@ After grant proposals are kicked off, the applicants are expected to do the work
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- The [SC's evaluation criteria and process](#sc-evaluation-criteria-and-process) have to be met
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- The board ensures standard legal requirements
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- This can be used for [team-submitted initiatives](#team-initiatives) and grant proposals from the current feedback phase
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- For team initiative funding, we charge an extra 10% for manegement
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- For team initiative funding, we charge an extra 10% for management
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- For grant proposal funding, we charge an extra 35% for management (10%), maintenance (20%[^1]) and evaluation (5%)
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- Team-submitted initiatives can have recurring payments (quarterly or yearly), which is the recommended option. Grant proposals can only be one-time payments
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- Maintain a page on the website that showcases funding opportunities, with both team initiatives and current grant proposals, but with a highlight on team initiatives, and send this to interested companies every 3 months

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