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| Brian Mercer Award for Innovation | An award for scientists who wish to develop an already proven concept or prototype into a near-market product ready for commercial exploitation. | The Royal Society |
| Royal Society Mullard Award | An award made to an outstanding individual whose work has the potential to make a contribution to national prosperity. | The Royal Society |
| Collaborative Research and Development | Collaborative research and development (R&D) is designed to assist the industrial and research communities to work together on R&D projects in strategically important areas of science, engineering and technology. Open competitions are run by the Technology Strategy Board. | www.innovateuk.org |
| Brian Mercer Feasibility Award | For scientists who wish to investigate the feasibility of commercialising an aspect of their research. | The Royal Society |
| Co-operative Research Projects - FP7 | FP7 is the short name for the Seventh Framework Programme for Research and Technological Development. This is the EU's main instrument for funding research in Europe and it will run from 2007-2013. | Advice from the EU |
| Knowledge Transfer Partnerships | Knowledge Transfer Partnerships (KTPs) are a tried and tested method of enabling companies to obtain knowledge, technology or skills which they consider to be of strategic competitive importance, from the further/higher education sector or from a research. | Advice from Technology Strategy Board |
| Grants for Research and Development (inc. Proof of Concept and Proof of Market funding) | Previously administered by RDA's the budget has been slashed, whilst the scheme now extends to Scotland and Wales. The Technology Strategy Board now administer such budget as remains although the success chances are now much reduced. | Advice from Technology Strategy Board |
| Small Business Research Initiative (SBRI) | SBRI provides business opportunities for innovative companies whilst solving the needs of government departments. Competitions for new technologies and ideas are run in specific areas and aim to engage a broad range of companies in short-term development contracts. | Advice from Technology Strategy Board |
| Eurostars | The EUREKA's Eurostars Programme is the first European funding and support programme to be specifically dedicated to SMEs helping them lead international collaborative research and innovation. | EUREKA |
| Royal Society Enterprise Fund | The Royal Society Enterprise Fund is a new initiative aimed at providing equity finance and other support to start up companies with outstanding commercial potential founded on excellent science and technology. | The Royal Society |
| Mercer Prize | This award is for scientists whose research has been commercially exploited for significant wealth generation or societal benefit in the UK. | The Royal Society |
| R & D Tax Credit | Whilst various rules have to be met, R&D Tax Credits are applicable to both SME's and Corporates helping them to recover some of the cost of qualifying R&D project expenditure. Minimum eligible spend within a tax year has to be over £10k. | Advice from HMRC |
