Translational funding
Proof of Concept Funding
Our funding events in Proof of Concept Funding are shown below.
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ERC Proof of Concept Grant
The objective is to provide funds to enable ERC-funded ideas to be brought to a pre-demonstration stage where potential opportunities for exploitation have been identified. PoC funding (up to 150 000 € for 12 months) aims to help ERC grant-holders bridge the gap between their research and the earliest stage of an innovation where a potentially commercial or socially valuable concept needs validation in order to attract the capital necessary for its continued development.
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The Royal Society - Brian Mercer Feasibility Award
The Brian Mercer Feasibility Awards aim to provide initial support to test the feasibility of a project and enable holders to investigate the technical and economical feasibility of commercialising an aspect of their scientific research, possibly in conjunction with a third party. These awards are designed to promote innovation and are intended to fill the funding gap between the scientific research and the exploitation of the idea through venture capital. The scheme covers the built environment, clean technology, energy and nanoscience and nanotechnology.
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TSB - SMART
Formerly known as Grant for Research and Development, Smart is available to single companies. Three types of grant are available:
- Proof of market grant
- Proof of concept grant
- Development of prototype grant
Pre start-ups, start-ups, and small and medium-sized businesses from all sectors across the UK may apply for the Smart programme.