Apply for additional funding
Proof of Concept Programme (PoCP) Project teams applying for additional funding or to progress beyond a go/no go milestone should approach the Project Review Panel.
Additional funding is made for one of two reasons:
- The project is to be reviewed by the Panel having reached a milestone/go no go review point for continuation funding.
- To ensure that a commercial outcome is achieved for a PoCP project in circumstances where such an outcome would not be achieved without the additional funding.
As guidance, teams can request funding for:
- staff costs
- patents
- market assessment activities
- equipment/consumables
- travel
If further funding is required, your proposal must demonstrate:
- Appropriate durations to achieve next major milestone/end of project (up to 12 months)
- Commercialisation progress has been made
- Quarterly (or monthly) Project Management Group (PMG) meetings have been held
- Commercialisation is possible post-PoCP, in other words no funding gap
- Project is meeting technical and commercial milestones to date
- IP protected
- Clear policy on equity ownership
- Post-PoCP funding routes identified
Next: presenting to the project review panel
