Innovation Vouchers

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.
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.

 

Got an idea?

Contact us at: business@dundeeandangus.ac.uk or 01382 834874 to arrange a discussion with a Business Advisor.