The final costing, including research cost, overheads (university, Molecule, legal), and IP-NFT artwork come to $285,000 USD in total. This is $35,000 additional over what passed on chain, which falls beneath the threshold for requiring a vote. The proposal - as you can see above - was moved on-chain before the final costing was received by the university, which created this issue.
In the future, we can take two paths for avoiding this issue:
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Waiting for a final costing from the university to put proposals on-chain. This has the downside of making us move slowly, but having an exact idea of the final cost.
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Have a larger range in the proposal to be flexible and move quickly.