SBRI is a programme that brings innovative solutions to specific public sector needs, by engaging a broad range of companies in competitions for ideas that result in short-term development contracts.
- SBRI is a programme of open competitions for ideas and new technologies.
- It results in a fully funded development contract between the company and the government department – it is not a government grant.
- It generally has a two-phased development approach that starts with initial feasibility and can then move on to more detailed product development.
- It is a fast track, simplified process that allows government departments and other public bodies to engage with business they would not normally work with.
- It is particularly suitable for SME and early stage businesses and gives vital funding for the critical stage of product development.
- The government department (or public sector body) acts as the lead customer and is instrumental in helping the business develop its product or technology.
- It should result in a commercial product or service.
- The intellectual property is retained by the company, with certain rights of use held by the department.
The Technology Strategy Board champions SBRI which is focused on technology development and specific competitions.
For more information email: email@example.com
And call me, Steve Herman, on 07825-189263 if you want to discuss this option.