Worcestershire Proof of Concept Programme is part-funded by the European Regional Development Fund 2014-2020. The grant funding programme can support SME’s to investigate, advance, commercialise and protect early stage innovative business ideas, through a partnership with the Central Technology Belt (CTB).
The Proof of Concept fund will provide grants of up to 40% of the total cost of a project (to a maximum contribution of £100,000) for businesses to prove that their innovations have significant economic potential.
The grant can fund:
- new machinery - hardware and equipment
- market research and assessment
- IPR protection
- accreditations
- prototyping
- marketing/events/demonstrations
- building works
Please note only external expenditure can be funded; internal costs such as staff salaries cannot be funded.
The business would receive support from CTB Business Manager to get draft applications appraisal ready.
The grant encourages businesses to bring new products to market and introduce new products to the business, which will result in increased economic benefit and job creation in Worcestershire.
How to apply for the fund
Deadline dates
The call for applications is now open, and will remain open subject to funding.
Contact details
To find out more please contact our partner Worcestershire Business Central on info@businesscentral.co.uk or 01905 677888.
