The High-Growth Spinout Programme awards cover 100% of direct project costs prior to company formation. The programme does not pay overhead costs. Support is divided into three phases, with progress from one phase to the next being dependent on rigorous assessment. Payments are made quarterly, subject to satisfactory progress being made on the project. We will monitor the project's finances on a monthly basis.
Costs you can claim include:
- Personnel – salaries (unless the posts are being backfilled - we do not pay for staff already funded via other government departments, for example the Scottish Higher Education Funding Council)
- Market assessment
- Patent costs
- Equipment essential to the project (justification to be provided)
- Subcontracting (justification to be provided)
- Other, including travel (justification to be provided)