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Test, de-risk or show the commercial potential of your idea with funding from Research England’s Higher Education Innovation Fund or the Biotechnology and Biological Sciences Research Council (BBSRC).
Who can apply
UCL academic staff working in any subject discipline and at any stage in their careers can apply.
What projects qualify
Your proposal will need to:
- build on research and/or teaching at UCL
- work towards a defined commercial outcome, for example licensing your IP
- have a social or economic benefit
The types of activities you can get funding for include:
- commissioning external consultants, advisors and service providers
- paying for design, prototype development and manufacturing
Further details on eligibility requirements can be found in our knowledge exchange and innovation funding guide (Word).
If you apply for BBSRC IAA funds you'll also need to demonstrate how your proposed activity aligns with the BBSRC Portfolio.
You’ll need to work with UCL Business (UCLB) before applying. We’ll ask UCLB for their views on the project after submission. You can find your UCLB business manager on the UCLB website.
Funding details
Amount: You can apply for up to £30,000.
Start date: You can decide the most suitable start date for your project, but the earliest you can start is:
- 24 February 2025 for HEIF projects
- 3 March 2025 for IAA projects
This is to allow time for the processing of your award and to ensure funds are available for your project start.
Duration: For HEIF projects, funding can cover up to 12 months of activity. For BBSRC IAA projects, projects can be of any length but funds must be spent fully by 31 March 2026. This is a hard deadline and project extensions beyond this date will not be possible.
When to apply
Applications will open on 14 October and close at 23:59 on 8 November 2024.
We'll aim to notify you of your outcome by Thursday, 20 February.
Submissions received outside published call dates will not be considered.
How to apply
We'd encourage you to speak to the Knowledge Exchange team (knowledge.exchange@ucl.ac.uk) early for advice on your application’s eligibility, whatever stage of development your project is at.
- Read our knowledge exchange and innovation funding guide (Word) for advice on completing your application and details of the documents we’ll need to see.
- Get in touch with the UCLB business manager for your department as early as possible (at least a week before submission). Find them on the main UCLB website.
- Read our guide to using the web application form (Word), and what information you'll need to have to hand before starting.
- Fill in the web application form on our online portal. (You'll need your UCL login. Only one person can access the form. You can save and return to the form at any time.)
You can use the application template (Word) to share information with co-investigators or other colleagues if this is helpful. But applications must be submitted via the web application form (emailed applications will not be accepted).
If you have any feedback on the web form, please send to knowledge.exchange@ucl.ac.uk so we can improve the process.
After you apply
- Your proposal will be assessed by a member of the team to assess its eligibility and make sure it matches the funding criteria.
- If it does, it will be reviewed independently by three innovation-engaged UCL staff. Your application will be assessed on its suitability for the scheme, feasibility, and potential for impact.
- For applications up to £20,000, the Knowledge Exchange team will consider the recommendations made by reviewers and will make a recommendation to the Executive Director, UCL Innovation & Enterprise on whether to award or decline. They’ll make the final decision.
For applications over £20,000, the UCL Innovation & Enterprise Funding Committee will consider the application and make a recommendation to the Executive Director, UCL Innovation & Enterprise on whether to award or decline. They’ll make the final decision. The same criteria are applied in both cases.
Funding source
- Research England, Higher Education Innovation Fund (HEIF)
- Biotechnology and Biological Sciences Research Council (BBSRC) Impact Acceleration Account (IAA) 2022-26.