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Apply for a share of £17million funding to support emerging or established research-based partnerships between business and academic institutions.
Bids must be led by the business lead at the outline stage. Business leads must be:
- UK-based or have UK-based research activity
- in the private sector driven by profit, or from an organisation with a commercial arm which generates independent revenue
- able to contribute to the UK national prosperity through increasing their investment in research and development activities and subsequent product, service, or technology development
We will fund 80% of the full economic cost (100% for skills and talent training costs).
Your project can be up to five years.
Business-led, co-created and co-delivered
The prosperity partnership funding opportunity aims to fund business-led research that arises from an industrial need, with the work being co-delivered between the business and project leads.
The opportunity is aimed at supporting excellent, world-leading discovery research and innovation, which has clear benefit to the businesses involved, resulting in accelerated impact arising from the new knowledge, innovations, or technologies.
Co-creation of the research programme is essential. We expect programmes funded through this opportunity to:
- drive forward shared research challenges
- demonstrate impact beyond the partners
- provide benefits to the businesses involved
The programme should contribute positively to the overall strategic partnership framework which exists between the parties.
It should be clear that both the business and academic researchers are making distinct intellectual contributions to the partnership.
Where an individual is discharging responsibilities within both a business and a research organisation, for example, as a consequence of being involved in university spin-outs, clarity on separation of duties and managing conflicts of interest is essential.
If the proposal is deemed appropriate for our support, a collaboration agreement will be requested before the grant is authorised.
Strategic considerations
The research challenges to be addressed in the prosperity partnership should:
- be relevant to stimulating innovation aimed at tackling major problems faced by the UK and the world
- drive capability in key technologies and scientific advancements
We recognise that the specific outcomes will be unique to each project, but you should consider how you might:
- deliver new or improved products or services
- drive efficiencies or cost reductions
- enable expansion to new sectors or markets while also jointly authoring high-impact publications
Ultimately, the project should seek to provide economic impact and prosperity that wouldn’t exist without the partnership.
Find out more and apply by 4pm on 7 November 2023.
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