Indicative costs for the conduct of research …
The diagram below gives indicative costs for the funding mechanisms which ACMC uses for research projects. The values given are indicative. The list is not exhaustive.
Plymouth and South West Peninsula City Deal
Plymouth and South West Peninsula City Deal aims to deliver economic growth in the south west in exchange for the government devolving powers and funding. The deal area covers Plymouth, Cornwall, Devon, Torbay and Somerset.
Universities South West Innovation Vouchers
Universities South West can provide Innovation Vouchers to provide funding for small to medium sized businesses (SMEs) to access the expertise available in higher education establishments (HEIs), such as Plymouth University. They are designed to enable SMEs to access this expertise for the first time and can provide funding for up to 40% of the cost of projects from £3-10,000. The Technology Strategy Board website lists all the known innovation voucher schemes operating across the UK.
R&D Tax Credits (Granted Consultancy)
Growth Vouchers programme: A government programme helps small businesses get strategic business advice with some businesses randomly chosen to get a voucher of up to £2,000 to help.
J4Bgrants: "The UK home of small business funding. Information on all the latest European grants, UK Government grants and other sources of funding to help start and grow your business."
Analysis for Innovators (A4I) can have a specific problem addressed by NPL and other national laboratories funded by a new Innovate £6.5M UK programme.
TSB Smart grants for SME R&D
The Smart scheme tackles the funding gap often experienced by many small and early-stage companies with innovative ideas and high growth ambition and potential. It offers co-funding to UK-based pre-start-ups, start-ups, micro businesses and SMEs, to carry out science, engineering and technology R&D projects which could lead to successful new products, processes and services. Smart helps companies assess potential markets, prove concepts and develop prototypes. By reducing financial risk, it aims to encourage SME investment, increase innovation capability, accelerate the commercialisation of new products and services, and contribute to economic growth. The Smart programme is "always open" and is not restricted to projects in certain themes or sectors; offering funding to single, UK-based SMEs who have high growth ambition and potential, to engage in R&D projects from which successful new products, processes and services could emerge. For financial year 2013/14, there are six rounds with the last close date on 27 March 2014. Three types of grant are available:
Bio Base NWE Innovation Coupons: call open until 31 March 2015
The project Bio Base NWE is funded under the INTERREG IVB NWE framework with the objective to support the development of the bio-based economy in North West Europe. The Bio Base NWE consortium offers Innovation Coupons worth €10,000 each to European SME's with an innovative bio-based idea so that the SME can assess the feasibility of a new bio-based product or process. More Innovation Coupons are available, and the call will remain open until 31 March 2015.