Set up in 2009, the Scottish Funding Council’s Innovation Voucher Scheme provides an opportunity for Scottish small and medium-sized companies (SMEs) to work with academic experts to help solve problems that may help expand their company and offer solutions which cannot be obtained commercially. Over 1000 companies have benefited since the scheme began.
The aim of the scheme is to fund projects with a value up to £5,000 which drive innovation, leading to new products, services or processes that will benefit the company, university, research institution or further education college and the Scottish economy, such as securing or creating jobs, or allowing the company to expand into new markets.
Businesses can also apply together to pool their vouchers to solve a common issue. If you would like further information on this, please email firstname.lastname@example.org or submit the pre-submission information with your idea and we'll get back to you to discuss further.
The scheme is currently open for applications.