The funding application process will be launched once there are sufficient funds available. Currently 1 million Euro are promised and we are seeking to raise a total of 5 million Euro.
Each application will be invited to define and justify the level of funding they require. The panel will assess each bid.
Funding will be distributed as key milestones are achieved.
IP resulting from research will be licensed to the company for a number of years.
Investors will be invited to buy shares in the company. The company will be a commercial organisation seeking to make profits for shareholders and stakeholders.
Investments will qualify under the UK Enterprise Investment Scheme (EIS).