Feasibility Funding

Support provided by IBioIC

What does this involve?

The Industrial Biotechnology Innovation Centre (IBioIC)'s Feasibility projects provide members with the opportunity to tap into the expertise of Scotland’s academics to assist with a biotech-focused proof of concept study to support a future funding application for a larger scale research work programme.

Feasibility projects should focus on innovative applications of industrial biotechnology and address a real market need or commercial opportunity through collaborative knowledge exchange and research between industry members and at least one of Scotland’s talented higher education institution (HEI) research teams.

 

Am I eligible?

Eligible projects must:

  • be small (with IBioIC funding of less than £20,000)
  • be completed by July 2023
  • have the potential to lead to larger scale work, for example through a Scottish Enterprise SMART award, Innovate UK Knowledge Transfer Partnership (KTP), BBSRC IPA or LINK
  • demonstrate a clear market need or commercial opportunity through the innovative use or application of biotechnology
  • demonstrate a route to follow toward further funding or commercial application
  • include at least one of IBioIC’s higher education institution (HEI) partners (with any number of industrial members and additional HEI partners)
  • demonstrate an economic, societal and/or reputational benefit to Scotland
  • be aligned to Scotland’s National Plan for Industrial Biotechnology and provide innovative solutions to industrial, environmental, health and wellbeing or social issues

Small or medium-sized enterprises (SMEs) must provide at least half of the total project cost through cash and/or in-kind contributions. Large companies must provide at least half of the project funding through a combination of both cash and in-kind contributions.

IBioIC welcomes projects in all areas of industrial biotechnology.

What does this cost?

IBioIC will contribute a maximum of £20,000 towards HEI partner costs. HEI partner costs should be calculated on the basis of full economic costing (fEC).

The IBioIC funding is awarded to higher education institute partners and should equal a maximum of 80% of the calculated fEC, with the remaining portion provided by the HEI as an in-kind contribution.

Who is this for?

This programme is for collaborative partnerships between companies which have a foothold in Scotland, or which can demonstrate the ability to deliver inward investment, and at least one Scottish higher education institution (HEI).

How long does this take?

IBioIC aims to review applications within a month of submission, with award letters issued shortly afterwards. All projects should start within 3 months of approval.

Important information

Applicants should discuss their application with IBioIC before submitting. Where an application for funding is successful, companies must become members of IBioIC before the project start date and remain members for the duration of the project. See the application form for current membership fees.

Next steps

Visit the IBioIC website for more information.

Support provided by IBioIC

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