New opportunities to receive grant funding for innovation


20-02-2012

The Technology Strategy Board has announced another round of grant funding for feasibility projects in a wide range of technology areas, to add to the considerable range of grant funding options for small and micro-sized companies that it already offers.

Under the heading "Technology-Inspired Innovation", the TSB is inviting proposals for feasibility studies in the fields of advanced materials and nanoscale technologies; biosciences; electronics, photonics and electrical systems; and information and communications technology. This opportunity is open to small and micro-sized companies only, working either singly or in collaboration with one partner. The funding level is 75%, projects can last up to four months and are eligible for grants of up to £25,000. Total project costs must not exceed £33,000.

This particular call for proposals will open on 12th March, has a closing date for registrations of 4th April and a deadline for receipt of applications of 11th April. This may seem like a comfortable length of time but prospective applicants would be wise to start the process of preparing their proposals sooner rather than later.

Through the recently re-named Smart scheme (which in an earlier incarnation was called Smart Awards but then became Grant for R&D), the TSB is also looking for high-quality proposals from individual companies for projects to investigate the market, demonstrate the principle or develop a prototype of a new product, process, system or service based on new science or technology in any area.

In addition, funding opportunities for collaborative R&D projects exist in fields as varied as advanced manufacturing; low carbon vehicles; marine energy; sustainable manufacturing for the process industry; technologies for aerospace; and digital licensing.

Anyone who would like to explore the opportunities for obtaining grant funding for their projects is welcome to contact Alex Smeets at Cambridge Funding Solutions (www.cambridgefundingsolutions.co.uk).

To read more information, click here.

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