Any business considering applying for a grant under Nottingham University’s Business Innovation Voucher fund should do so immediately. The fund closes on 30th June 2009.
Through the scheme, companies can cash in to the tune of £5,000 and “purchase” academic expertise from the University to help them work on innovative business development projects. Vouchers can cover up to 75% of the total cost of projects that aim to develop new products, processes or services – for example academic consultancy, technical services and small-scale research projects. In exceptional cases, companies may also be eligible for an additional £2,000 worth of support from the University’s Ingenuity initiative.
The scheme is open to applications from all UK-based SMEs, although priority will be given to firms from the East Midlands.
Vouchers will be allocated to companies that:
Can demonstrate evidence of real need to work with the University.
Are interested in developing products, processes or services that are aligned with the University's particular research interests.
For further information about the Business Innovation Voucher Scheme, contact martin.parry@mgba.co.uk, or visit the University of Nottingham website
Sources http://www.j4b.co.uk http://www.mgba.co.uk http://straightfinance.co.uk
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