The Scottish Enterprise Proof of Concept Programme has awarded funding of £3.3m in its Round Eight awards to 16 commercialisation projects in Scottish universities and research institutions.
The cash will support projects which have the potential to result in innovative spinout companies or licensing agreements which will ultimately help grow
The programme, created in 1999, aims to address the lack of available funding, from both the public and private sector, to support the development of research concepts into commercial products or services. To date it has invested a total of £36.4m in 201 projects.
Eleanor Taylor, head of the Proof of Concept Programme, said: ‘A major role for Scottish Enterprise is to maximise
Among the projects being confirmed for a Round Eight award is technology from
Heriot-Watt has developed nanostructured composite materials for the design and fabrication of novel lenses and refractive and diffractive optical elements which will completely remove the risk of failure due to unknown technologies or the need for new technology development.