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.
|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|
Last updated: 15 July 2021