The UK Department for Science, Innovation and Technology (DSIT) launched a Research Ventures Catalyst fund that will supply up to £50m for science and technology research.
The new fund will support research, built on partnerships with private and philanthropic investors which aims to unlock tens of millions of pounds to drive new discoveries in health, tech and science.
The Catalyst is opening for bids of up to £100,000 in ‘seedcorn’ funding to allow researchers to develop full plans for their proposed ventures.
The government is continuing to engage with Schmidt Futures, a philanthropic initiative of Eric and Wendy Schmidt, about their support of up to $20m as part of its work to spur co-investment in science from private and philanthropic sources.
The up to £50m to spur co-investment in science from the private sector and philanthropy through the Research Ventures Catalyst is subject to business case approvals. Applicants will be required to secure co-investment for their proposals.
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FinSMEs
03/08/2023