Hi Karla, your initial interpretation is correct—the fund managers will still evaluate applications during the pause, but due diligence and payments won’t be processed until 1 August. “We likely won’t evaluate all applications by 1 June, but we will prioritize time-sensitive and promising applications and aim to complete evaluations for those before the pause” refers to the fact that any applications not evaluated by 1 June won’t be processed until 1 August, not that they won’t be evaluated until 1 August.
However, I still can’t give a concrete probability that you’ll hear back by mid-August given that this is highly dependent on capacity constraints; make sure to note your time-sensitivity in your application, and the EAIF will make every effort to evaluate it expediently.
Hi Karla, your initial interpretation is correct—the fund managers will still evaluate applications during the pause, but due diligence and payments won’t be processed until 1 August. “We likely won’t evaluate all applications by 1 June, but we will prioritize time-sensitive and promising applications and aim to complete evaluations for those before the pause” refers to the fact that any applications not evaluated by 1 June won’t be processed until 1 August, not that they won’t be evaluated until 1 August.
However, I still can’t give a concrete probability that you’ll hear back by mid-August given that this is highly dependent on capacity constraints; make sure to note your time-sensitivity in your application, and the EAIF will make every effort to evaluate it expediently.
Thank you for the clarification Nicole!