UKRI unveils a new £9 million proof-of-concept fund to help convert world-class research into market-leading products and services.
The new initiative announced by the UK’s major public funder of research and innovation follows an independent review of university spin-outs, published in November 2023.
A key theme emerging from the review highlighted the need for more proof-of-concept funding for academic researchers to build confidence in commercial ventures before creating a spin-out company.
