The 2015/16 Idea Investment Voucher Scheme is now open for applications
The Idea Investment Voucher Scheme, can provide you with funding of up to £20k to collaborate with UCLan research staff and advance your innovative idea. The voucher will fund staff time and resources to collaborate with organisations to create or validate new products, services or processes that give your organisation a competitive edge.
The scheme is designed to encourage and help companies to engage with our academic staff on projects that build innovation capability within their own companies, leading to the development of new projects, services and processes that give them competitive advantage in their respective markets.
Stimulate the interaction and exchange of knowledge between UCLan and external organisations in order to develop measures to maintain or improve your competitiveness in your domestic and international markets.
Strengthen capability for innovation and growth by providing you with access to expertise, knowledge, infrastructure and equipment for product, service and process innovation.
If you are currently working on an innovative project within your organisation and would like to access UCLan’s specialist knowledge, research and support, please contact the Innovationteam@uclan.ac.uk you can also find further information on the scheme on the application form:
The scheme provides vouchers from £3,000 up to £20,000 that can be used to cover the costs of academic staff time and access to equipment and consumables to undertake the activities to be delivered during the project.
The company is required to match (50/50) the voucher value, however where the company doesn't have the financial resources to match, I&E can at its discretion has the option to negotiate a deferred payment option via a profit share arrangement with the company.
If you are interested in applying for an Idea Investment Voucher and would like to know if UCLan has the resources and skills to deliver a solution in a particular area please contact the Innovationteam@uclan.ac.uk for a chat.
Your application will be reviewed on the strength of the following: