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Proof of Market Grants

Proof of Market grants help you test the commercial potential of an idea for a technology innovative new product, process or service through market research, market testing and competitor analysis.

Projects may include:

• identification of target markets
• market size
• future direction of market
• barriers to entry
• related market research and testing of USP
• competitor analysis
• price points
• potential market share
• identification of any technical barriers
• exploration of IP protection routes
• IP protection

Proof of Market grant is available to all SMEs. Key aspects are:

• Minimum Grant £5,000
• Maximum Grant £20,000
• Maximum % of costs covered 60%
• Project duration 3 to 9 months

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