--- title: Pilot funding scheme to deliver business growth through innovation description: The government are giving companies up to £35,000 grant funding with a minimum 10% contribution to work with a partner, such as Cranfield University, to evaluate an innovative business idea. image: https://www.chamber-business.com/hubfs/Cranfield%20University.jpg --- - [About ](https://www.chamber-business.com/member/about-us) - [Membership](https://www.chamber-business.com/become-a-member-of-bedfordshire-chamber-of-commerce) - [Global Trade](https://www.chamber-business.com/exporting) - [ Events](https://my.chamber-business.com/events.html) - [ News ](https://www.chamber-business.com/blog) - [ Contact Us](https://www.chamber-business.com/contact-us) - [Members Portal](https://my.chamber-business.com/) - [BedX](https://www.chamber-business.com/bedx) - [Webinars](https://www.chamber-business.com/webinar-page) [![Bedfordshire Chamber of Commerce, Bedfordshire Chamber of Commerce](https://www.chamber-business.com/hubfs/Bedfordshire_Chamber_April2018_Theme/Image/logo-header.png)![Bedfordshire Chamber of Commerce, Bedfordshire Chamber of Commerce](https://www.chamber-business.com/hubfs/Bedfordshire_Chamber_April2018_Theme/Image/logo-header-small.png)](https://www.chamber-business.com/) T: [01582 522448](tel:01582%20522448) E: [info@chamber-business.com](mailto:info@chamber-business.com) Call **[01582 522448](tel:01582522448)** or email **[info@chamber-business.com](mailto:info@chamber-business.com)** [**](https://www.twitter.com/BedsChamberInfo) [**](https://www.linkedin.com/groups/2451144/profile) [**](https://www.facebook.com/BedfordshireChamber) - [About ](https://www.chamber-business.com/member/about-us) - [Membership](https://www.chamber-business.com/become-a-member-of-bedfordshire-chamber-of-commerce) - [Global Trade](https://www.chamber-business.com/exporting) - [ Events](https://my.chamber-business.com/events.html) - [ News ](https://www.chamber-business.com/blog) - [ Contact Us](https://www.chamber-business.com/contact-us) - [Members Portal](https://my.chamber-business.com/) - [BedX](https://www.chamber-business.com/bedx) - [Webinars](https://www.chamber-business.com/webinar-page) [Join Now](https://www.chamber-business.com/become-a-member-of-bedfordshire-chamber-of-commerce) # Latest updates and stories from Bedfordshire Chamber of Commerce and its Members ## Pilot funding scheme to deliver business growth through innovation Written by [Bedfordshire Chamber of Commerce](https://www.chamber-business.com/blog/author/bedfordshire-chamber-of-commerce) | 22 Aug 2022 - [Tweet](https://twitter.com/share) [![Pilot funding scheme to deliver business growth through innovation](https://www.chamber-business.com/hubfs/Cranfield%20University.jpg) ](https://www.chamber-business.com/blog/pilot-funding-scheme-to-deliver-business-growth-through-innovation) The government are giving companies up to £35,000 grant funding with a minimum 10% contribution (£3,500) to work with a partner, such as Cranfield University, to evaluate an innovative business idea. This is with a view to stimulating the demand for further innovation, collaboration and accelerating delivery by partnering with a knowledge bases such as Cranfield University. Additional details include: • New Accelerated Knowledge Transfer Scheme is set to open on Monday 5th September, 2022 • Up to £3M is available for this initiative with subsequent rounds in October and November anticipated (dependent on funding being available from the overall budget) • The Business Partner must employ a minimum of 4 Full Time Equivalents and must contribute an additional 10% (minimum) of the total project costs in cash (i.e. Where project costs are £38.5k, Cranfield would receive £35k grant funding and the company would provide £3.5k) • Projects run between 2 – 4 months • Business Partners include: UK registered businesses, charitable companies or charities. Public sector organisations are not eligible to apply • The grant funds an Academic Supervisor (minimum of 0.25 days/week) and an Accelerated Knowledge Transfer Associate (1 Full Time Equivalent; this can be delivered by a maximum of 2 people) • The Accelerated Knowledge Transfer Associate will be named in the application and able to start the project delivery upon receipt of the Grant Offer Letter • The project must end by 31 March 2023 and be delivered and exploited from within the UK • Applications must demonstrate:   • Accelerate access to academic expertise to evaluate or develop an innovative idea for the Business Partner   • Stimulate demand within the Business Partner to deliver further innovation(s) [e.g. more significant Business-Cranfield University collaboration such as a Knowledge Transfer Partnership] and accelerate delivery through partnering with Cranfield University Contact Leoni Padilla, Knowledge Exchange Relationship Facilitator, to find out more about an Accelerated Knowledge Transfer Partnership with Cranfield: [leoni.padilla@cranfield.ac.uk](mailto:leoni.padilla@cranfield.ac.uk) [https://www.cranfield.ac.uk/ktp](https://www.cranfield.ac.uk/ktp) Topics: [cranfield university](https://www.chamber-business.com/blog/topic/cranfield-university) ![Bedfordshire Chamber of Commerce](https://www.chamber-business.com/hs-fs/hubfs/Logos/Beds-Chamber-of-Commerce-200x200.png?width=100&height=100&name=Beds-Chamber-of-Commerce-200x200.png) #### Written by [Bedfordshire Chamber of Commerce](https://www.chamber-business.com/blog/author/bedfordshire-chamber-of-commerce) ### More stories... 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