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offer two grants of £250k for scientists to develop a proven novel concept or prototype into a near-market ready product, and offer eight grants of £50k for scientists to investigate the feasibility of commercially exploiting their research.

The newly launched awards replace and build on the success of the Brian Mercer Award for Innovation and the Feasibility Awards, which since 2001 have funded an . With the new awards, the Royal Society has increased the number of grants available to researchers, widened the scope of the awards to include all fields in the natural sciences and expanded the package of support and training offered to winners, including mentoring by the awards panel and opportunities to pitch and promote their technologies to investors and industry leaders.

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