Changes

*presented two options for the application process: a single application submission period per round (the assumed route) or cyclical application submission periods (the alternative; Appendix 19).

*presented two options for the application process: a single application submission period per round (the assumed route) or cyclical application submission periods (the alternative; Appendix 19).

::'''Option 1''' may take at least five years from the Board directing ICANN org to begin implementation to the opening of the application submission window, cost approximately USD $457 million, involve 18 system services and 125 full-time equivalents, and incur the risk of material financial losses if demand is low.<ref>[https://www.icann.org/en/system/files/files/subpro-oda-12dec22-en.pdf SubPro ODA, Executive Summary], Pgs 12-14</ref>

::'''Option 1''' may take at least five years from the Board directing ICANN org to begin implementation to the opening of the application submission window, cost approximately USD $457 million, involve 18 system services and 125 full-time equivalents, and incur the risk of material financial losses if demand is low.<ref>[https://www.icann.org/en/system/files/files/subpro-oda-12dec22-en.pdf SubPro ODA, Executive Summary], Pgs 12-14</ref>

::'''Option 2''' would split the immediate next round into four annual application submission periods, create predictability for the New TLD Program,  moderate the influx of applications in the first cycle, rely on a processing capacity limit of 450 applications per cycle, offer flexibility to potential applicants, and may be beneficial to new entrants who may need to invest more time and resources. However, this option contains the risks of limited space leading to competition and giving an advantage to applicants already engaged in the current DNS ecosystem.

::'''Option 2''' would split the immediate next round into four annual application submission periods, create predictability for the New TLD Program,  moderate the influx of applications in the first cycle, rely on a processing capacity limit of 450 applications per cycle, offer flexibility to potential applicants, and may be beneficial to new entrants who may need to invest more time and resources. However, this option contains the risks of  

::#limited space leading to competition,

::#giving an advantage to applicants already engaged in the current DNS ecosystem, and

::#being less efficient than the processing of portfolio applications available with option 1.<ref>[https://www.icann.org/en/system/files/files/subpro-oda-12dec22-en.pdf SubPro ODA, Executive Summary], Pg 17</ref>

==References==

==References==