Worcestershire ‘Proof of Concept’ (POC) is an ERDF grant fund that has been designed to support local businesses to develop innovative new products and processes. Support is offered to applicants that aim to investigate, advance, protect and commercialise early stage innovative business ideas. The principal objective of the Proof of Concept fund is to encourage SME investment in innovation, specifically; creating products and services that are new to the company or new to the market.
Worcestershire Proof of Concept is a popular programme that has been available for several years. The latest round of funding was launched on February 13th 2019. The programme offers grants of up to £30,000, representing 40% of the total project costs. All costs must be external to the company and are claimed retrospectively. Worcestershire County Council delivers the grant fund in partnership with Central Technology Belt.
If you would like more information on the Worcestershire Proof of Concept grant fund please contact Worcestershire Business Central. Eligible businesses will be referred to Jane Holmes at Central Technology Belt, who will contact you to discuss your proposed project in more detail.
The Proof of Concept fund provides grants to eligible businesses of up to 40% of the total project cost (up to a maximum of £30,000), to cover:
Please note that only external expenditure is covered by the fund, so your internal costs such as salaries cannot be funded.
There are some exceptions, but generally, your business will need to be:
You will also need to demonstrate that you can match the remaining 60% of your overall project costs.
Our Open for Business programmes are here to help get you started.