UKRI has unveiled a new £9 million proof-of-concept fund to help convert world-class research into market-leading products and services.
The new initiative announced by the UK’s major public funder of research and innovation follows an independent review of university spin-outs, published in November 2023.
A key theme emerging from the review highlighted the need for more proof-of-concept funding for academic researchers to build confidence in commercial ventures before creating a spin-out company.
Working across all disciplines, this new proof-of-concept funding from UK Research and Innovation (UKRI) will provide critical early-stage support to projects.
It aims to help researchers and innovators bridge the gap before attracting private investment, reducing the risks associated with premature market entry, and foster innovations that have the potential to significantly improve societal wellbeing and economic outcomes.
Register your intention to submit
Prospective academic applicants must register their intention to submit proposals by no later than 3 March 2025 at 4:00pm. Please visit the UKRI website for full details about how to apply for proof-of-concept funding.
The full funding opportunity will be available on the UKRI funding finder from 12 March 2025.
Read our digital brochure to find out more about commercialising your researc
