Friday, November 23, 2007 10:01 AM
by
Empower
EUGA - Grants for Innovation
Here's some useful information, from our Emerging Partner Team, on applying for government funding for R&D support.
Within the Emerging Partner Team at Microsoft we are constantly looking at ways in which we can support the Innovative Partners of tomorrow. We have a whole host of benefits and resources available, depending upon your business model, but the question we get asked most (and probably find hardest to definitively answer) is ‘can you help me get some funding?’ J
The answer is ‘yes’ we can help but of course we can’t guarantee.
One route that is often overlooked is applying for a Government grant.
I have recently been chatting with a friend at PNO Consultants who help with these applications for businesses, they take away some of the administrative hurdles and help you reach a decision quicker. Mark has sent me the table below for a quick glance at what is on offer for Software Companies for R&D support. If you want more info you can contact Mark Clayton at - Mark.Clayton@pnoconsultants.co.uk
Microsoft also have an awesome tool within the Small Business Community for finding a grant - http://www.microsoft.com/uk/smallbusiness/euga/default.mspx
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Quick Look Guide to the Grant for Research and Development Product
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Micro Projects |
Research Projects |
Development Projects |
Exceptional Projects |
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Grant – all grant awards are totally at the discretion of the grantor body
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Discretionary: covers 50% of eligible costs up to maximum grant of £20,000 |
Discretionary: covers 60% of eligible costs up to maximum grant of £75,000 |
Discretionary: covers 35% of eligible costs up to maximum grant of £200,000 |
Discretionary: covers up to 35% of eligible costs up to maximum grant of £500,000 |
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Business Eligibility |
Fewer than 10 group employees
turnover <2m Euro OR
balance sheet <2m Euro |
Fewer than 50 group employees
turnover <10m Euro OR
balance sheet <10m Euro |
Fewer than 250 group employees
turnover <50m Euro OR
balance sheet <43m Euro |
Fewer than 250 group employees
turnover <50m Euro OR
balance sheet <43m Euro |
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Purpose of support |
Experimental Development.
Simple low-cost prototyping of an innovative technological product or process |
Applied Research. To help investigate the technical and commercial feasibility of innovative technologies |
Experimental Development. To help develop a pre-production prototype of a new product or process that involves a significant technological advance |
Experimental Development. To help develop new technologies that are of strategic importance to the UK |
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Deliverable & Timescale |
A working prototype ready for commercial exploitation. Up to 12 month project |
A Report on critical project to include possible bench-top model or trial and testing of proof of concept 6-18 month project |
A pre-production prototype. 6-36 month project |
A pre-production prototype. 6-36 months project |
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Decision turnaround
from ‘full information’ |
30 working days |
45 working days |
60 working days |
90 working days |