One of the key challenges researchers face when looking to advance an early-stage project is the need to test if the concept is commercially viable.
The Research and Innovation Proof of Concept (POC) Fund aims to fast-track research with the potential for commercial application by providing the support and investment needed at this crucial early stage.
The scheme will guide projects through to the next stage of investment-readiness, ensuring they are fit to move on to secure external investment (grant-funding or commercial investment), attract new partners, and generate impact.
As well as awarding funding of £5000 (on average) per project, successful applications will be supported by the University of Plymouth Intellectual Property team, who will test your idea and technology, and help prepare it (and the academic team involved) for market. By the end of the process researchers will be aware of the full commercial potential of their work, and have the tools necessary to move forward.The fund is limited, so recipients and award amount will be chosen on merit, but even projects that have not been selected can benefit from advice and guidance from Research and Innovation to help them move forward.