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
- Engage consultants
- 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.