What Are The Investment Criteria?
Other principal considerations will include:
- Added value of the collaboration with a commercial partner*
- The commercial potential of the idea and the exploitation strategy
- The grant should be focused on proving the concept of the technology for a specific application
- A sound strategy to execute the project including realistic timeframes
- Points of differentiation for the resulting product, service or process
- The likely economic impact of the project i.e. the impact on the nations health, wealth and culture
- Evidence of financial support from other sources that will leverage the EPSRC grant
*Collaborative Partners
The Collaboration Fund expects that participants in a collaborative project will develop a collaboration agreement to clarify the contributions and rights of each partner. Such agreements must not conflict with the terms and conditions under which EPSRC research grants are awarded. The Lambert Collaborative Agreements have been designed to encourage university and industry collaboration and the sharing of knowledge. Please see www.innovation.gov.uk/lambertagreements for further details. However, applicants may choose another format that is acceptable to both collaborating parties.
