UMIP/IP Group Proof-of-Principle
(PoP) Fund for
spin-out opportunities
UMIP and the IP Group have created
a £5M Proof-of-Principle funding
facility for new projects intended for
commercialisation through the
formation of spin-out companies. The
agreement, which is a for a minimum
term of four years, or five years
subject to certain conditions, covers
the majority of the areas of materials
and clean technology, electronics and
communications and all non-
therapeutic life, medical and human
sciences and information technology.
IP Group provides access to its
relevant experts, business building
expertise, mentoring, coaching and
co-investing networks, recruitment
and business support and has the
right to invest further in these
companies as they progress.
For further information, please
contact your UMIP
Commercialisation Executive.
Funding innovation
24
I can see a time when
every city will have one.
An American mayor's reaction to the news
of the invention of the telephone
Please see our website for a list of external funding sources:
www.umip.com/funding-innovation
