UCLan invites companies to apply for investment funds

The University of Central Lancashire  is offering funding support to businesses aiming to develop innovative new products, services or processes by utilising the University’s academic expertise.

uclanlogo-72The UCLan Idea Investment Voucher scheme will provide companies with between £3,000 and £20,000 of funding to cover 50% of the cost to create new products and services by tapping into staff research and using the university’s facilities and equipment for development and prototyping.

In some cases, UCLan can contribute 100% of the project cost in return for a share of future profits derived from the new product or service.

The vouchers can be used to fund research and development, consultancy, the use of specialist facilities and equipment at the University, technical validation of a technology, innovation or technology audits and the design, prototyping and testing of new products, services or processes.

Peter Leather, UCLan Innovation and Enterprise, said: “The Idea Investment Voucher allows businesses to grow and diversify. By working collaboratively with UCLan, organisations can access specialist equipment, expert knowledge and the latest research in their sector to give their organisation a competitive advantage in their respective market.” The Idea Investment Voucher scheme is open to businesses with over 20 employees including non SMEs and Corporates from across the UK. Companies can apply online at http://www.uclan.ac.uk/investment_voucher/register_apply.php  and can contact Jess Wells on 01772 895651 or jwells3@uclan.ac.uk for more information.