Each project will receive an initial endowment of virtual cash. Amount to be determined based on team size and things specified in proposal.
For example, let's say that team members earn $50/hour and for this 8 hour class we expect 16 hours of work outside of class meaning each student team member "costs" us 24x50=1200 per week. Over 15 weeks that comes to $18k per team member per semester. In addition, we will budget for time with instructor, mentors, and outside consultants along with space and equipment.
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