The Technology Strategy Board is to invest up to £2m in feasibility studies to stimulate innovation across four enabling technology areas: advanced materials; biosciences; electronics, sensors and photonics, and information and communications technology.
Our aim is to ensure that small and micro businesses in the UK are well equipped to respond to market opportunities across a range of economic sectors.
All projects must be business-led, and this competition is open to small or micro companies only, working either singly or in collaboration with one other small or micro company. Projects can last up to four months, and total project costs must not exceed £33k.
We expect to fund feasibility studies conducting pre-industrial research, in which a business partner can attract up to 75% public funding for their project costs.
This competition opens on 27 January 2014, and the deadline for applications is noon on 12 March 2014. A briefing day for potential applicants will be held on 10 February 2014.
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