| DTI |
Grant
for Investigating an Innovative Idea |
|
| Location | National | |
| Dates |
Programme end:
31 March 2007 |
|
| Aims |
Objective
of the funding opportunity:
To help businesses or
individuals who have an idea to develop an innovative product, process
or service, but are not sure whether they are ready to take it forward
successfully. Businesses and individuals will identify what they need
to do to succeed with their innovative idea by undertaking a diagnostic
analysis with a chosen mentor prior to submitting an application. |
|
| It aims to help the following client groups: | ||
| Entrepreneurs Those who work for small firms |
||
| FRESA priorities | The funding opportunity fits with the following FRESA priorities: | |
| Medium priorities: |
|
|
| More information on the FRESA | ||
| Eligibility | Eligible
Organisations: Existing SMEs
and individuals who wish to start trading. For further details of eligibility criteria see the Guidance Notes |
|
| Accreditation | Organisations must have the following accreditation to bid: No accreditation is needed | |
| Amount available | Funding
available:
The grant will be 75% of the project mentor and consultancy costs on the
condition that the business spends at least twice as many days working on
the project as the mentor and expert consultant(s). The maximum grant will be £12,000 but only the largest and most complex projects will be approved at this level. Most grants will be between £2,500 and £7,000. |
|
| Application | How
to apply for this funding :
Applicants can apply for a grant once they have found a mentor and identified
suitable consultants. Further details of the application process can
be
found on page 8 of the Guidance
Notes. |
|
| Contact |
For further information contact: |
|
Department
of Trade and Industry |
||
| Weblinks |
Other
useful websites: |
|