Ask HN: Can seed funding be partly used for basic salary?

I am applying to an accelerator program that gives 30,000 euros for 6% and also gives all the mentorship and support for 12 weeks. I would quit my full time employment if I got accepted but am just wondering how I am going to live i.e. food, mortgage etc. Is it acceptable to use part of the seed money for basic living expenses or is the frowned upon?