proof concept · 2021. 1. 13. · proof of concept grants will fund external expenditure for: level...

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Supporting and promoting innovation for SMEs and Universities within Coventry and Warwickshire to raise levels of innovation through Proof of Concept activities for new products or processes. Proof of Concept grants will fund external expenditure for: Level of Support: For projects totalling from £5k to £25k the POC grant will cover 40% of your project costs (£2k to £10k) Main Exclusions: The grant does not cover internal staff costs or VAT. • Intellectual Property (IP) due diligence • Market research/analysis/assessment • Prototype development • Business Plan development • Other PoC/Feasibility activities The Coventry & Warwickshire Proof of Concept programme is part financed by the European Regional Development Fund, and is delivered by Coventry University Enterprises Ltd. Proof of Concept

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Supporting and promoting innovation for SMEs and Universities withinCoventryandWarwickshiretoraiselevelsof innovationthroughProofofConceptactivitiesfornewproductsorprocesses.

ProofofConceptgrantswillfundexternalexpenditurefor:

LevelofSupport:

Forprojectstotallingfrom£5kto£25kthePOCgrantwillcover40%ofyourprojectcosts(£2kto£10k)

MainExclusions:

ThegrantdoesnotcoverinternalstaffcostsorVAT.

• IntellectualProperty(IP)duediligence• Marketresearch/analysis/assessment• Prototypedevelopment• BusinessPlandevelopment• OtherPoC/Feasibilityactivities

TheCoventry&WarwickshireProofofConceptprogrammeispartfinancedbytheEuropeanRegionalDevelopmentFund,andisdeliveredbyCoventryUniversityEnterprisesLtd.

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