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.

Cost Bid success
>£3.2M European Commission ~10%
£1.6M-3.2M Horizon 2020
£800K-1.6M EPSRC
£400K-800K & Research Councils ~15%
£200K-400K Innovate UK ~25%
£100K-200K  
£50K-100K Classic KTP .. at Plymouth University >90%
£25K-50K Classic KTP .. for business
£10K-25K ACMC Shorter KTP Industrial CASE PhD
<£10K direct contract Student projects   >95%
^ - Cost - ^ < 3 months 3-6 months 6 mth - 1 yr 1-2 years 2-3 years >3 years < Timescale

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:

  • Smart - proof of market: £25k maximum for up to 9 months duration
    up to 60% of total project costs.
  • Smart - proof of concept: £100k maximum for up to 18 months duration
    up to 60% of total project costs.
  • Smart -development of prototype: £250k maximum for up to 24 months duration
    up to 35% of total project costs for medium enterprises; up to 45% for small and micro enterprises.

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.

Technology Readiness Levels (TRL from NASA via TSB)

TRL Activity Description UK funding
1 discovery and research Basic principles observed and reported research councils
and universities
2 discovery and research Concept or application formulated research councils
and universities
3 innovation Experimental proof of concept research councils and
Technology Strategy Board
4 innovation Concept or process validated in laboratory Technology Strategy Board
5 innovation System or component validated
in relevant environment
Technology Strategy Board
6 innovation System model or demonstrator
in relevant environment
Technology Strategy Board
7 innovation System prototyping demonstrator
in an operational environment
Technology Strategy Board
and business
8 commercialisation Actual system completed and qualified test
and demonstration in operational environment
business
9 commercialisation Actual system mission-proven
in successful mission operations
business