Wednesday 30 April 2014
The Proof of Concept (PoC) Fund supports projects that lead to a commercial milestone, enabling the project to move on to the next stage of development such as triggering a license agreement with licensees or initial spin out investment. The deadline for expressions of interest is Thursday 8 May at 5pm.
The PoC Fund supports projects that lead to a commercial milestone, enabling the opportunity to move to the next stage of a more comprehensive exploitation plan e.g. a milestone that will:
- trigger a licence agreement with a licensee;
- trigger initial spin-out investment;
- trigger a joint development agreement with a third party; or
- lead to a larger PoC funding application e.g.a translation award.
Examples of previously funded projects include prototype development, technical validation, end-user testing or trials and market validation and assays/drug screening, diagnostic, therapeutic or software projects. Typically, the PoC fund provides funding up to £50k.
Successful expressions of interest will be invited to present to the Investment Panel as the final stage of the application process. The SMD Investment Panel is on 10 June 2014 starting at 2pm and the S&E Investment Panel meeting is on 11 June 2014 starting at 9am.
How to apply:
Simply complete the web form to submit your expression of interest. If you are in any doubt about your application then please contact: