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The FINAL round of STEAMhouse Grant Funding for Phase 1 is now live for SMEs.
When is the deadline?
Tuesday 3rd September at 12noon.
Who can apply?
Anyone who has registered with STEAMhouse as a Sole Trader or Business (no match funding is required as a condition) who have completed their 12 hrs assists through STEAMhouse to support you in developing your product.
How much is the grant for?
The Grant amount is for £2,500 broken down into £826 for IP (Intellectual Property) support (which is compulsory) and the remaining £1,674 is for use on prototyping or additional materials in support of your product idea developed at STEAMhouse.
How do I claim any reimbursement of funds spent, if successful?
If successful, a new contract will be issued for you to sign and return and then you will be set-up on the Birmingham City University finance system. Upon evidence of receipts, the completed receipt submission form, redacted bank statements and the submission of your invoice, STEAMhouse will arrange the reimbursement of £1,674 in total. This can, however, be broken down into one or two separate invoice payments from you, within a 5-month period from the start of the contract.
How do I know what IP support I will need?
There is a variety of free IP support available through STEAMhouse Phase 1, e.g. IP advice and guidance & Innovation capture, Commercialisation, Market Assessments and a meeting arranged with appointed IP consultant to help you to determine the best approach.
Is there another round of funding?
This is the final round of funding.
3rd September at 12noon – Deadline date
11th September – STEAMhouse Notifying successful SMEs
16th September – 1-2-1 meeting with external IP consultants