Prosperity Partnerships: EPSRC, Business and Universities - Third call

(Please note: this is the second stage of this funding opportunity. This Full proposal submission stage is only open to successful applicants invited by EPSRC following the earlier Expression of Interest stage.)

EPSRC wishes to support existing, strategic, research-based partnerships between business and universities by providing an opportunity for co-investment in large-scale, long term, user-inspired basic research programmes at TRL 1-3. These must address EPSRC's Prosperity Outcomes Framework (expressed at the level of the Ambitions within the Outcomes Framework).

The strategies of the universities and businesses involved should also be addressed. All Prosperity Partnerships must be able to generate value in some form for the UK, for instance we anticipate that businesses will have an active research base and R&D presence in the UK.

Up to £20 million is available to support between four and eight programmes.

Consortia may be formed of multiple businesses and universities, but an existing, demonstrable strategic relationship must be in place between the lead business and lead university partner. EPSRC would also encourage the involvement of SMEs and supply chain companies, where appropriate to the Prosperity Partnership application; as either Project Partners on the application, or as the lead business partner.

Co-creation of the research programme is essential and EPSRC expects programmes funded through this call to drive forward shared research challenges, demonstrate impact beyond the partners in addition to benefits to the business(es) involved and contribute positively to the overall strategic partnership framework which exists between the parties.

It should be clear that the business and academic researchers are making a distinct intellectual contribution to the partnership. Experience from the first two rounds shows that it is possible for applicants to achieve this through a variety of models. Where an individual is discharging responsibilities within both a business and university (for example, as a consequence of being involved in university spin-outs) clarity on separation of duties and managing conflicts of interest is essential.

As a co-investment opportunity, this call requires the business and university partners to commit substantial cash contributions to the programme, by matching the financial investment made in each award by EPSRC.

This is the second stage of this funding opportunity. The Full proposal submission stage is only open to successful applicants invited by EPSRC following the earlier Expression of Interest stage.