Technology Strategy Board
The Collaborative Research and Development Technology Programme provides funding to the most innovative, marketable projects which will boost the UK economy in the strategically important areas of science, engineering and technology.
It enables businesses and research communities (eg a university) to work together on research and development projects from which successful new products, processes and services can emerge.
Throughout the year competition announcements are released which give businesses the opportunity to compete for funding for projects which address the specific technology priority set for that competition. Projects usually consist of a consortium of two or more partners, at least one of which is from industry.
SMEs can be funded up to 60 per cent of their eligible project costs. Larger industrial partners can be funded up to 50 per cent of their eligible project costs. There are no set limits for funding; typical projects attract total funding between £500k and £2m.
Benefits to industry
- Engagement in a large development project for a technology, product or service which the organisation usually could not fund.
- Competitive advantage-industrial partners are first to access and contribute to the latest knowledge for technologies relating to their sector.
Benefits to the university
- Developing further links within industry
- Enabling the practical application of knowledge
The programme is open to all types of organisations including commercial, SME’s and micro organisations, who can illustrate that involvement in the programme extends their research and development activities, and that the outcomes are beneficial and exploitable by them.
Projects usually run from nine months to three years.
Other funding options are also available.
For futher information, or for an informal discussion please contact:
Dr. Sarah Taylor-Malone
T: +44 (0)116 257 7653