Scheme at a glance
- Purpose - aimed at building sustained relationships between small/medium-sized companies (SMEs) and universities or Further Education Colleges (FEC) in Scotland who may have previously collaborated together or for those companies who are beginning their collaborative journey with a HEI / FEC partner.
- This programme will draw on a number of funders including Scottish Funding Council, Highlands & Islands Enterprise and Scottish Enterprise.
- This Voucher offers a matched grant of up to £20,000 on a sliding scale basis with a minimum cash contribution required from the company [please see FAQs - Page 3]. Minimum Grant is £5,000.
- Advanced Innovation Voucher Application Form – (Form to be jointly completed by the Company and University/College and formally submitted by the relevant Academic Organisation)
- Staff Costs - Sample Timesheet – (Document that may be used by the Academic as an aide-memoir to record their Project Costs – Does not require to be submitted to the Panel)
- Pre-Submission Information – (If the Company does not have Scottish Company Registration – A Form to Complete for initial assessment for Sole Traders/Partnerships/Companies with English Registration etc)
Extensive guidance is available to help complete the Advanced Innovation Voucher Application Form
- Glossary of Terms – (Brief Explanation/Description of terminology used within the Forms - for Companies who are newly engaging in the grant application process)
- Step by Step Guide – (Provides assistance on a Question by Question basis on how to complete the Application Form)
- Frequently Asked Questions (FAQs) – (Details the Application Process/Eligibility Criteria/Explanation of De minimis/Explanation of Intellectual Property/Project Change Issues etc)
- Advanced Innovation Voucher Legal Agreement – (A template Legal Agreement agreed by all Universities to be used by the collaborative Company/University or College - please note this is a condition of accepting the Voucher award and the terms of this agreement are not subject to any amendment)
Top Tips for Completing the Advanced Innovation Voucher Application Form:
- Your idea must be “innovative” (novel and pioneering) and more than merely “new to the Company”
- Within the Project Summary Response demonstrate it is a “Collaborative” Project requiring the skills/expertise of both the Company and the Academic?
- Ensure in the Innovation Response you clearly articulate the “innovative” systems/science/algorithms/AR etc that require to be implemented within the project.
- Make sure you clearly formulate your response to the “Potential Impacts” (not just Economic but in particular Environmental/Equality/Diversity and Social Inclusion).
- Within the Application clearly articulate “benefits” to the Company, University/College and do not forget the “Scottish Economy”.
- Consider what impacts will be delivered (new products/processes/services and the forecasted value in terms of sales, turnover, savings productivity etc).
Stages of application
- SME and academic partner discuss the collaborative idea/scope/eligibility/contract/risk.
- Clarify any queries on eligibility (if not a continuing collaboration you may require a Pre-Submission form) via firstname.lastname@example.org
- SME and academic partner review FAQs and establish the project scope and milestones which determine the overall costings for the project.
- SME and academic partner complete application form and send to email@example.com
- Due diligence by Interface which may seek further clarification prior to submission to Scottish Funding Council.
- The Multi Panel assesses the application and the Scottish Funding Council communicates a decision by email to academic partner.
- Contract is put in place between academic partner and business ahead of collaborative project commencing.
- Final report is produced on completion of the close-out meeting and submitted to firstname.lastname@example.org
- On receipt of the final report the Scottish Funding Council makes payment to the academic partner.