Events in Physics
Follow-on Funding is intended to provide financial support at the very early or pre-seed stage of turning research outputs into a commercial proposition. Industry partners are not allowed. If you have an industry partner, please use the IPS scheme.
Follow-On Funding will support a range of relevant activities to enable the development and examination of a concept to establish its commercial feasibility and scientific and technical merit. Partners are not allowed on the Follow-on Fund.
The funding can be used for:
- Undertaking further scientific and technical development of an idea.
- Improving an intellectual property (IP) position.
- Gaining further information about the market for the new products or process.
- Identifying potential licensees or opportunities for joint ventures.
These activities will be prior to:
- A full laboratory demonstration of the idea.
- Pre-production and prototype.
- The availability of commercial funds for development.
Follow-On Funding will specifically not support:
- ‘Blue sky’ research.
- Applied research for companies.
- Associated intellectual property costs e.g. patent costs.
- The purchase of larger equipment and capital.