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The Business Growth Hub has partnered with the Technology Strategy Board to invest up to £1m in innovative research and development projects

What is a Launchpad?

These competitions support business innovation through a combination of R & D project funding, business support and attracting new investment. A Launchpad enables businesses to take advantage of being part of a developing cluster to realise their potential for growth.

Scope

The technical scope for this project is quite open. Funding will be offered to creative and digital micro, small and medium sized businesses wishing to undertake innovative industrial research projects.

Funding allocation and project details

Grants will be awarded to cover up to 60% of eligible costs of a project. We expect projects to use this funding as a basis on which they can attract further investment. We are expecting total project costs to range between £100k and £120k, although proposals outside this range will be considered.

This Launchpad competition will support the process of accessing the finance needed to complete funding through an event at which successful applicants can make presentations to potential sources of private sector finance.

Application Process

This is a three-stage competition that opened on 4 November, 2013.

Stage 1: Video Submission

(deadline 8 January 2014)

Submit a brief application form and two minute video describing your ideas

  • The challenge or opportunity being tackled and why it's important.
  • The approach that will be taken, and why it's innovative
  • The relationship to the Greater Manchester creative and digital cluster
  • How the solution will be commercialised and what impact it could have if successful
  • Why the Technology Strategy Board funding is needed

Stage 2: Written Proposal

Shortlisted applicants will be contacted by 27 January 2014 and invited to submit their written proposal. The deadline for written proposals will be noon 12 March 2014

Stage 3: Pitch Session

Following an assessment of the written proposals, top-ranking applicants will be invited to present their ideas to a panel of experts who will make the final selections. The pitch session will take place on 3 April 2014

If you want to apply or have any questions, contact the Business Growth Hub on:

info@businessgrowthhub.com or 0161 359 3050

You can view the presentation from our launch event here