This pilot round of the NERC Follow-on Fund has increased the previous maximum amount that could be applied for (£125k) to up to £250k (£200k at 80% FEC). As part of the pilot, NERC has also introduced more flexible time scales, ie funding for projects lasting between 3 and 24 months. These changes have been introduced to provide projects with the very best opportunity for commercial exploitation.
There is also an optional Pathfinder grant available to strengthen your market knowledge and make your Follow-on Fund application more persuasive for the Panel.
The Pilot Follow-on Fund closing date is 16.00 hrs on 18th December 2014 and Panel interviews with applicants will be held in London on 26 February 2015.
For further information visit the NERC website.
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