This scheme is for scientists who wish to investigate the potential to commercialise an aspect of their research.
If the idea or concept is at a later stage of development, you should apply for the Royal Society Innovation Award, which provides funding for individuals or groups to develop an already proven concept or prototype through to the creation of a near-market product for commercial exploitation.
This award and the Royal Society Innovation Award are designed to promote innovation and fill the funding gap between scientific research and the exploitation of an idea through venture capital investment, they are replacing the Brian Mercer Award for Innovation and the Brian Mercer Feasibility Award.
The principal differences between the Royal Society Translation Award and the Brian Mercer Feasibility Award are:
- The awards will be for £50,000 each.
- There will be no restrictions on the subject areas for awards, within the natural sciences.
- There will be two rounds per year.
- A bespoke training and support package will be offered to successful candidates, to contribute towards the impact of the award.
- There has been an increase in the number of awards available each year.
The scheme covers all the natural sciences.
More information can be found here.
Next deadline: This scheme is currently open for applications, and will close on 6 July 2017