Imperial Innovations currently manages a range of funding for the development of therapeutics, bioengineering, engineering and software projects. This early stage investment supports the transition of ideas into marketable products.
What can I use the funds for?
Innovations development funding can be used for a range of activities that will support the transition of an idea into a commercially viable project.
For example, the funding could be used to:
Pay for the development of prototypes
Pay for external work to refine the idea
Pay for consumables necessary to develop the project
The funding is not designed to pay for researchers’ salaries, but should be used with the aim of developing data or improving product designs such that the output will inform a commercial decision.
When should I apply for the funding?
Typically, the funding will be used after you have received translational grant funding, or to develop an idea before seeking a larger translational grant.
What specific areas of research is the funding available for?
Imperial Innovations operates a discretionary fund which makes available up to £50,000 for projects in any research area. In addition, we manage a number of funds aimed at specific areas.