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Lancashire SMEs are being urged to take advantage of a £350,000 pot of funding dedicated to develop cutting-edge research into marketable products and services.
The Impact Acceleration Account - funded with £600,000 by the Engineering & Physical Sciences Research Council (EPSRC) - is designed to stimulate a collaborative culture between university researchers and industry and exploit the commercial value of EPSRC funded research.
More than £250,000 of funding has already been allocated with £215,000 distributed to Lancaster researchers to support around 40 projects with a range of external partners that are mainly SMEs, but also large enterprises and charities.
“I’ve been impressed with the scope of the projects we have been able to fund through the Impact Acceleration Account so far and I’m really excited to see what develops in the future.
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