Small and micro companies invited to apply for funding for feasibility studies

Small and micro companies invited to apply for funding for feasibility studies

08 Dec 2010

The Technology Strategy Board proposes to stimulate innovation across its core technology areas to help ensure that small and micro businesses in the UK are well-equipped to respond to society’s current and future challenges.

Through its Feasibility Studies for Technology-Inspired Innovation funding competition, the Technology Strategy Board is to invest up to £2 million in feasibility studies in technologies that are closely aligned with its six core areas – Advanced Materials; Biosciences; Electronics, Photonics & Electrical Systems; High Value Manufacturing; Information & Communications Technology and Nanotechnology.

Projects may be collaborative or carried out by a single company.  Lasting up to three months, the projects can cost up to £33,000 and funding of up to 75% of costs (£25,000) may be available.  The projects must be led and undertaken by small or micro companies (50 employees or fewer), whether working individually or in partnership.

The competition opens on 10 January 2011 and closes on 10 February 2011.  Successful candidates will be informed at the end of February 2011.  Each funded project will culminate in a short report and, where relevant, a demonstrator.  Projects will also present their achievements at a public ‘Collaboration Nation’ event to be held in the autumn of 2011.

For further information please click here

For full press release including notes to editors please follow this link

Media contacts:

Claire Cunningham, Media Relations Manager, Technology Strategy Board, Mobile: 07554 115745; Email:


Nick Sheppard, Media Relations Consultant, Technology Strategy Board, Mobile: 07824 599644; Email:

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Last updated on Thursday 27 January 2011 at 12:44

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