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How long will be the grant period? The grant period is usually 3 months or 6 months, depending on the project scope and nature, with extension of no more than 3 months on an exceptional basis. 10. How will the grant be disbursed? Under normal circumstances, the approved amount of fund will be paid by multiple installments to the bank account of the PA subject to reasonable progress made by the Awardee, progress reports, and a final report, to the satisfaction of the Unit. 11. Should I return any unused funding? It is expected that the grant will be fully utilized to support the execution of the awarded project within the Funding Period made in agreement between the grantee and the Unit. Awardees shall return any unused Fund / unspent balance to HKU. 12. Can I use the grant for paying myself as salary or for renting office space? The grant can be used to pay salaries or service fees for external consultants / service providers (e.g. for building prototype or conducting market survey, etc.) who are NOT the PA or Team Members listed in the submitted application form. You can also use the grant to pay for whatever is considered necessary and relevant in implementing the project. The grant can NOT be used to rent office space.