New UKRI proof-of-concept funding set to bolster innovation

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…