The Technology Strategy Board is to invest up to £5m in feasibility projects and collaborative research and development to accelerate the development of new ways of designing, improving and manufacturing complex high-value formulated products in sectors such as pharmaceuticals, cosmetics, detergents, food, agrochemicals, paints, adhesives, lubricants and formulated process chemicals. A further £1m is available for collaborative research and development from the Engineering and Physical Sciences Research Council (EPSRC).
The formulated products market in the UK is worth around £180bn a year. This competition is designed to support innovative developments which overcome the challenges facing the formulated products industry.
This competition has two strands:
Strand 1 makes up to £5m available for collaborative R&D projects. These must be business-led, include an end user formulating company, and last one to three years. Businesses can attract up to 50% public funding for their project costs (60% for SMEs). Projects will focus mainly on industrial research.
Strand 2 offers up to £1m for feasibility projects. These must be business-led, may be collaborative or led by single companies, and should last six to nine months. Businesses can attract up to 65% public funding for their project costs (75% SMEs).
Projects are expected to have a total value (including grant and private sector contributions) of up to £1m for collaborative R&D and up to £100k for feasibility projects. Projects larger than this are eligible to apply but applicants should first contact firstname.lastname@example.org before submitting their expression of interest.
Applicants may also be interested in via the Formulation Special Interest Group pages on the _Connect website.
An overview of the TSB Sponsored Special Interest Group can be downloaded here. As well as providing information on the R&D Competition in Formulation, the overview describes the current progress to create a major new UK National Formulation Centre.
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