Crowdfunding: the option hidden in plain sight?
Written by: Carmen Paputa Dutu
Direct weblinks to these are located in the ‘Resources’ section at the end of this article.
Scottish Enterprise can offer funding to small to medium-sized businesses or social enterprises based in Scotland to support the design of a new product or service.
This grant is appropriate for SMEs looking at technological innovation in general. It funds technical feasibility studies and research and development (R&D) projects that have a commercial endpoint.
Through this grant, Scottish Enterprise can fund the Research & Development stage for Scottish businesses and social enterprises looking at developing new products, processes and services to improve company competitiveness and to benefit the Scottish economy.
The Innovation Vouchers Scheme finances the academic component of projects only, with social enterprises being required to contribute equivalent in an equal value in cash or in kind (such as staff time, materials or equipment) or a combination of both. The Scheme aims to aid and encourage businesses collaborating with Scotland’s universities or further education colleges to develop new products, services and processes through R&D projects.
This fund aims to encourage Scottish SMEs and academics to engage more effectively with European Funding by scoping and defining an opportunity for applications for the €70 billion Horizon 2020 European Funding programme. As above, it finances academic component only. Social enterprise must contribute equivalent in an equal value in cash or in kind (such as staff time, materials or equipment) or a combination of both.
Written by: Alicia Ridout