UKRI have just announced funding for proof of concept to support the commercialisation of research to enable spinouts or social ventures, licensing or other commercialisation pathways. Details are here.

Applications from any disciplines are welcomed. No pre-existing UK Research and Innovation (UKRI) funding is required. The programme will not support discovery-driven research. You must be based at a UK research organisation. The full economic cost (FEC) can be up to £250,000 for 12 months duration with a minimum of £100,000 for 6 months. UKRI will fund 80% FEC.

This UKRI funding opportunity aims to de-risk the commercialisation of research. This will allow research organisations and their partners to deliver better commercialisation outcomes via the establishment of successful university spinouts or social ventures, as well as developing applicable solutions through other commercialisation routes to deliver societal and economic impacts and benefits from research.