Proof of Market Grant (Formerly Proof of Concept)

Testing the commercial viability of innovative business ideas

Proof of Market grants enable you to test the commercial potential of an innovative idea for a new technology.
The Proof of Market grant is part of a suite of grants delivered under the Solutions for Business product Grants for Research and Development

How Much?	What For?	% Covered	Status
£5k - £20k	To define and quantify the market opportunity for a business idea	60%	Open

Who is it for?

• Entrepreneurs and small and medium size companies (SMEs)

Application Deadline

• The closing date for applications in the current round of Proof of Market is 23 April.
• Panels are scheduled to take place in the week commencing 17 May 

Application process:

• Proof of Market is currently open for applications,
• An application form must be completed and returned along with any supporting documentation as described in the guidance notes.
• Applicants may be given the opportunity to present their concept to a panel of technical and business assessment experts as part of the appraisal process.

Previous Award Winners:

For a list of companies and projects that have previously been awarded funding please see the attached document.

Previous Award Winners

[DOC 57KB]

More information

	Application Form	[DOC 685KB]
	Guidance Notes	[DOC 578KB]
	Appraisal Form	[DOC 349KB]

The Grant for Research and Development product forms part of Solutions for Business - a highly targeted, publicly funded suite of products and services offering solutions to real business needs and tackling market failure

To find out if your idea could be eligible for a Grant for Research and Development - Proof of Market, please call business link on 08457 17 16 15