Any business considering applying for a grant under Nottingham University’s Business Innovation Voucher fund should do so immediately. The fund closes on 30th June 2009.

Through the scheme, companies can cash in to the tune of £5,000 and “purchase” academic expertise from the University to help them work on innovative business development projects. Vouchers can cover up to 75% of the total cost of projects that aim to develop new products, processes or services – for example academic consultancy, technical services and small-scale research projects. In exceptional cases, companies may also be eligible for an additional £2,000 worth of support from the University’s Ingenuity initiative.

The scheme is open to applications from all UK-based SMEs, although priority will be given to firms from the East Midlands.
Vouchers will be allocated to companies that:

§ Can demonstrate evidence of real need to work with the University.
§ Are interested in developing products, processes or services that are aligned with the University's particular research interests.

For further information about the Business Innovation Voucher Scheme, contact martin.parry@mgba.co.uk, or visit the University of Nottingham website

Source http://www.j4b.co.uk http://www.mgba.co.uk
www.ukba.co.uk