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Follow on Funding (FoF)

FoF is a ‘proof-of-concept’ model, where further work on an idea will make any commercial potential evident to the market and so secure, for example, a spin-out (seed/venture finance) or licensing opportunity or provide the necessary information to bid for IPS support. This often takes small amounts of funds to enable activities essential to preparing a robust business plan.

The scheme is designed support a range of relevant activities (e.g. market assessments, development of IP etc.) and enable the development and examination of a concept to establish its commercial feasibility and scientific and technical merit. FoF is designed for early stage TRL which can then feed in to a subsequent full IPS grant.

Key Dates

Call opens Call closes Estimated date of panel meeting Outcome announced
18 December 2020 18 February 2021 May 2021 July 2021
20 July 2021 5 October 2021 December 2021 January 2022

Case studies

Killing microbes, not the taste

 

For any queries over eligibility or for more details about the IPS scheme, please contact the senior programme manager Wendy Carr or assistant programme manager Ed Mansfield

Guidance Notes

Guidance notes (PDF, 153 KB)

FoF Equality Impact Assessment (PDF, 126 KB)

Last updated: 15 July 2021

UKRI

Science and Technology Facilities Council
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