The fund has been set up to support the rapid evaluation and translation of disruptively innovative, high-impact ideas into commercially and reputationally valuable outcomes.
The Innovation Team will be holding a series of competitive innovation funding rounds to encourage bold new ideas that build on know-how and intellectual property arising out of research performed by UCLan staff. The ideas will possess the potential to have a substantial commercial impact, but are too early to attract external funding.
Awards will be made available to the successful applicants via the following allocation of funds:
- Up to a maximum project value of £30,000 and we anticipate funding a maximum of 5 projects
- Up to a maximum project value of £50,000 and we anticipate funding a maximum of 2 projects
- Up to a maximum project value of £100,000 and we anticipate funding a maximum of 1 project
The first competition deadline is Tuesday 31st March at 12noon.
If you have an idea that you think will fulfil the funds criteria and would like to discuss it, contact the Innovation Team on extension 5651 or follow them on Twitter.