The European Research Centre (ERF) Proof of concept provides additional funding to ERC grant holders to establish proof of concept, identify a development path and an Intellectual Property Rights (IPR) strategy for ideas arising from an ERC-funded project. The objective is to provide funds to enable ERC-funded ideas to be brought to a pre-demonstration stage where potential commercialisation opportunities have been identified.
Innovations can be commercialised through licenses to a new or existing company or through a venture funded start-up, depending on the nature of the invention/idea, its potential markets, the inventor's plans for future involvement in the commercialisation, etc.
To read the full, original article click on this link: European Research Centre’s Proof of concept funding
