The Technology Strategy Board intends to stimulate innovation in digital services by helping small or micro companies harness emerging growth opportunities and overcome the initial hurdles to development. We have allocated up to £2m to invest in feasibility studies lasting up to three months, each costing no more than £33,000 in total. We will fund 75% of the project cost (up to £25,000). Projects may be collaborative or carried out by a single company.
This competition will focus on feasibility
studies:
- that contain an element of innovation in technology or business practice closely aligned with the four areas in the scope section of this document
- that are both led and undertaken by small and micro companies – singlecompany applications are eligible to apply as well as partnerships between companies
- where the lead company would expect to be central to any research work and exploitation of the ideas in the study
- where the project spend by the single company / partners is mainly in-house.
Each project will culminate in a short report and, where relevant, a demonstrator. Projects will also present their achievements at a public ‘Collaboration Nation’ event to be held in autumn 2011.
After completion of these feasibility studies, applicants should be well positioned to seek support to develop their ideas, including through future Technology Strategy Board competitions.
This competition complements three other feasibility studies competitions being run concurrently in the areas of technology inspired innovation, space and nanoscale technologies.
Please note that registration for all Technology Strategy Board administered competitions will close one week before the competition application deadline. Registration is required to receive application forms and access the applications area.
Click here for further information from the KTN site.
Click here for futher information from Technology Strategy Board _connect site.