Bring your innovative idea to life
Are you a Scottish Small or Medium-sized Enterprise? Do you have a brilliant idea that could benefit your company and the Scottish economy?
The Scottish Funding Council offer a number of funding programmes to offset the cost for businesses collaborating with Scotland's further education colleges to develop new products, services and processes through R&D projects.
Access funding through Dundee and Angus College to help your business develop.
Current programmes includes:
Standard Innovation Vouchers
Up to £5,000 of funding aimed at encouraging first-time partnerships between a company and a university or further education college. The company contributes an equal value in cash or in kind (such as staff time, materials or equipment) or a combination of both. Standard Innovation Vouchers are open to Social Enterprises and Third Sector Organisations as well as SMEs with main company operations in Scotland.
Find out more at: https://interface-online.org.uk/how-we-can-help/funding/standard-innovation-vouchers
Student Placement Innovation Vouchers
Up to £5,000 to fund a PhD or Masters student to work within your organisation on a clearly defined project and continue the development of a Standard Innovation Voucher award. The company must have suitable premises to host a student for the duration of the project.
Find out more at: https://interface-online.org.uk/how-we-can-help/funding/student-placement-innovation-vouchers
Advanced Innovation Vouchers
Up to £20,000 of match funding to either encourage sustained relationships with academia and enable existing partnerships to continue the development of a project or for those companies who are beginning their collaborative journey with a HEI / FE college partner. The company must provide a mix of in-kind and cash contributions.
Find out more at: https://interface-online.org.uk/how-we-can-help/funding/advanced-innovation-vouchers
Previous novel ideas that secured an innovation voucher include:
- A distillery company’s process for creating seaweed vodka and gin
- An entrepreneur who invented a way to change how we hold our tablets
- A building services company’s approach to developing new training
Recently, Dundee entrepreneur Karen Hamilton, based in our Gardyne incubator, was awarded a £5000 Innovation Voucher that has enabled her to explore 3D printing in relation to dressmaking, find out more about this collaboration in an online case study.