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New UKRI proof-of-concept funding set to bolster innovation

Summary by NETPark North East Technology Park
UKRI unveils a new £9 million proof-of-concept fund to help convert world-class research into market-leading products and services. The new initiative announced by the UK’s major public funder of research and innovation follows an independent review of university spin-outs, published in November 2023. A key theme emerging from the review highlighted the need for more proof-of-concept funding for academic researchers to build confidence in commer…
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Innovation

Innovation

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United Kingdom

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