Other translational funding
Several different funding bodies provide innovation funding to support the translation and commercialisation of research.
A example of a funding body includes the UK Research Councils' Follow-on Fund (plus a range of other Council-specific schemes) which supports "proof-of-concept" type work. Impact Accelerators (IAAs) are also a good route to access funds for translational activities.
Several funders also offer access to Impact Accelerators. When considering applying for translational funding, think about:
- What is the value proposition of your product or service?
- Who are the stakeholders for your product or service?
- What is the market opportunity?
- What is the expertise and support required to deliver on your project? Development of a product or service often requires a range of expertise.
Before making an application please contact your KTC Business Partner to discuss:
- terms and conditions of the funder
- potential background Intellectual Property
- potential conflicts of interest with existing collaborative research portfolio
- professional support required to deliver the project
- letter of support from KTC (the University’s equivalent to a TTO).