Enterprise Development Fund Carolyn Howe Centre for Enterprise & Innovation

Enterprise Development Fund Support to you to develop enterprise initiatives through the University Knowledge Escalator A regional programme helping raise enterprising capabilities within Universities Funding provided by SWRDA and ERDF and runs until Sept 2011 Support for a portfolio of activities –Enterprise support for staff (e.g. Enterprise Change Academy, Enterprise Masterclass, NEDs) –Enterprise support for students (e.g. Employer Mentoring, BUG, Glos Entrepreneurs...) –Innovation support for staff and students (e.g. USWEA) –Regional engagement The Knowledge Escalator Project is part financed by the European Union’s ERDF Competitiveness and Employment Programme securing £1,833,000 of ERDF investment through the South West Regional Development Agency (SWRDA).

Enterprise Development Fund Support to you to develop enterprise initiatives through the University Knowledge Escalator A regional programme helping raise enterprising capabilities within Universities Funding provided by SWRDA and ERDF and runs until Sept 2011 Support for a portfolio of activities –Enterprise support for staff (e.g. Enterprise Change Academy, Enterprise Masterclass, NEDs) Knowledge Fellowships –Enterprise support for students (e.g. Employer Mentoring, BUG, Glos Entrepreneurs...) –Innovation support for staff and students (e.g. USWEA) Proof of Concept –Regional engagement

Enterprise Development Fund Knowledge Fellowship Financial support for collaborative working between an academic and business Open to members of the University’s staff The Knowledge Fellowship scheme is designed to help enhance knowledge exchange between those in business and those in academia, supporting opportunities for working together on collaborative projects as a foundation for longer-term collaboration and development. The collaboration should target businesses that would benefit from a significant interaction at the level of a knowledge fellow, with potential for significant benefit to the business, the academic and the University.

Enterprise Development Fund Knowledge Fellowship Awards of up to £5k to support a collaborative project between the University and an external business Funding can be used to support your time and/or associated costs, or that of an external business, in working on a collaborative project 100% additional cost Grant rather than loan

Enterprise Development Fund Knowledge Fellowship Criteria –Significant benefit to the business from the interaction and an ongoing relationship –Benefit to the academic through greater business awareness, linkages, capacity for future engagement –Strong knowledge, background and motivation of Knowledge Fellow –Potential for follow-on activity and funding –Potential to generate significant value to the business –Aligned with UoG and regional priorities

Enterprise Development Fund Proof of Concept Provides financial support at the early stages of developing an idea that may have commercial potential. The funding could be used for example to develop a business plan, market test an idea, develop a prototype, undertake a pilot etc Its aim is to help you move an enterprising idea from concept to its next stage Open to members of the University’s staff and also to students.

Enterprise Development Fund Proof of Concept Awards of typically £5k-£8k to help you develop an idea you have, that may have commercial potential Smaller awards can be made, or larger awards where there is potential for substantial commercial returns Eligible costs could include consultancy fees (e.g. for feasibility study, develop business plan), market research, technical developments, prototype, experimentation or piloting, IP evaluation or protection… 100% additional cost Grant rather than a loan

Enterprise Development Fund Proof of Concept Criteria –Clear commercial application and indication of market need –Progressing something new –Competitive advantage –Due consideration of Intellectual Property issues –Strong knowledge, background and motivation of applicant –Potential for follow-on funding –Potential for business or job creation or licensing potential –Aligned with UoG and regional priorities

Enterprise Development Fund Next Steps for both Knowledge Fellowships & PoC Contact Centre for Enterprise & Innovation to discuss your idea or with any questions Submit an Application Form, outlining your proposed collaboration (Knowledge Fellowship) or idea (Proof of Concept) with a breakdown of estimated costs – Application Forms available from CEI or from – Calls for applications will be made and evaluated quarterly, though you are free to submit an application at any time. A selection panel will evaluate applications and feed back to you Please note successful applicants will need to provide evidence as to the use of grants awarded, in support of the reporting requirements of SWRDA and the ERDF

Enterprise Development Fund Knowledge Fellowship Financial support for collaborative working between an academic and business Awards of up to £5k Open to members of the University’s staff Proof of Concept Financial support at the early stages of developing an idea that may have commercial potential. Awards of typically £5k-£8k Open to members of the University’s staff and also to students