Through its Feasibility Studies for Technology-Inspired Innovation funding competition, the Technology Strategy Board is to invest up to £2 million in feasibility studies in technologies that are closely aligned with its six core areas - Advanced Materials; Biosciences; Electronics, Photonics & Electrical Systems; High Value Manufacturing; Information & Communications Technology and Nanotechnology.

Projects may be collaborative or carried out by a single company. Lasting up to three months, the projects can cost up to £33,000 and funding of up to 75% of costs (£25,000) may be available. The projects must be led and undertaken by small or micro companies (50 employees or fewer), whether working individually or in partnership.

The competition opens on 10 January 2011 and closes on 10 February 2011. Successful candidates will be informed at the end of February 2011. Each funded project will culminate in a short report and, where relevant, a demonstrator. Projects will also present their achievements at a public ‘Collaboration Nation' event to be held in the autumn of 2011.

For further information please visit: http://www.innovateuk.org/_assets/pdf/competition- documents/briefs/tsb_feasibilitystudiesfortechnologyinspiredinnovation_web%20final.pdf