Follow-on Fund Pilot: up to £250k now available
Sep 19, 2014
The Follow-on Fund will open on 23rd September and will close at 16.00hr on 18th December.
The Follow-on Fund is a 'proof of concept' fund to support the commercialisation of ideas arising from NERC-funded research. It picks up where research programme and discovery science (responsive mode) grants leave off and enables those research outputs to be further developed so their commercial potential can be realised. Examples of activities the fund has supported include technology licensing, launching technology-based products or services, selling know-how based consultancy services, and the commercialisation of NERC-funded datasets, amongst others.
As a pilot, the Follow on Fund has increased the amount that can be applied for. Up to £250k (£200k at 80% FEC) is available for development projects lasting between 3 and 24 months (previously the call was limited to £125k 100% FEC for up to 12 months). The upper limits have been increased in order to provide projects requiring more time or funding with the very best opportunity to achieve commercial uptake of their research outputs.
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