Assistance available to SMEs in Scotland to carry out collaborative knowledge transfer projects with an academic partner.
The maximum funding limit is £5,000 per project.
Support is classed as de minimis aid and will contribute to the de minimis aid threshold (a maximum of €200,000 of EU funding in any three-year period).
Business Tailor brings together a range of support and services offered by three of the east of Scotland's universities Edinburgh Napier University, Queen Margaret University and the University of St Andrews. Business Tailor receives funding support from the Scottish Funding Council and the European Regional Development Fund.
Business Tailor can help businesses to:
- Find an innovative solution to help their growth.
- Access experts who can help take their business forward.
- Plug the knowledge gaps which may be lacking in their business.
- Access cutting edge research and testing facilities
- Increase competitive advantage.
- Attract funding to support business developments.
The Business Tailor Innovation Fund is available to SMEs working together with one of the partner universities to develop a new product, process, service or route to market for their business.
Applicants must not have previously collaborated with a Business Tailor partner.
Applicants should fulfil the following criteria:
- Be registered in Scotland (companies operating in any sector may apply).
- Qualify as a small or medium sized enterprise (SME):
- Fewer than 250 employees.
- Annual turnover of less than €50 million or annual balance sheet of less than €43 million.
- No more than 25% owned by an organisation that is not an SME.
- Demonstrate that their de minimis funding allocation has not been exceeded - the ceiling is currently €200,000 over a three-year period.
- Supporting academics are based at one of the partner institutions.
Applicants will be required to provide match funding. which may be cash or in-kind, including:
- Cash contribution from the applicant's own resources.
- In-kind contribution, such as staff time.
- Additional costs associated with the project (materials, consumables etc).
Costs associated with eligible projects.