16th September 2009

Technology Strategy Board funding for GeoVation ventures?

Chris Parker

The Technology Strategy Board has launched two competitions which will be of interest to SMEs working in Location & Timing and are a potential source of funds for those developing GeoVation ventures.

Technology-Inspired Innovation
https://www.innovateuk.org/deliveringinnovation/forthcomingcompetitions/technologyinspiredareafeasibility.ashx

– is a £1M feasibility studies competition to stimulate innovation across Technology Strategy Board core technology areas, by small and micro companies. The competition will invest in a number of feasibility studies for projects lasting up to three months attracting a grant of up to £25k (constituting up to 75% of total project costs). Projects may be collaborative or single-company. Priority areas are: Advanced Materials, Biosciences, Electronics, Photonics and Electrical Systems, High Value Manufacturing, Information & Communications Technology and nanotechnology. This competition will only be open to businesses with 50 employees or fewer.

Digital Britain
https://www.innovateuk.org/deliveringinnovation/forthcomingcompetitions/digitalbritainfeasibilitystudies.ashx

– Is a £2M feasibility studies competition to stimulate innovation in business models, applications, services and technologies in support of the Government’s vision of a Digital Britain. The competition will invest in a number of feasibility studies for projects lasting up to three months attracting a grant of up to £25k (constituting up to 75% of total project costs). Projects may be collaborative or single-company. Priority areas are: Enabling Technologies for the Internet, Applications and Services for Digital Britain, Access to Public Service Information and Cost-effective deployment and operation of digital infrastructure. This competition will be open to businesses with 250 employees or fewer.

Timetable
Competitions open 1st September 2009
Briefing (optional) 8th September 2009 (details TBC)
Deadline for receipt of full applications 1st October 2009 (midday)
Decision and feedback to applicants by 16th October 2009
Offer letters posted by 30th October 2009
Feasibility studies completed by 26th February 2010