Enterprise Fellowships funding and costs

Eligible costs for all fellowships 

Researcher route - salary 

• Salary support does cover income tax, National Insurance, pensions, or maternity/ paternity/sick pay, up to the £60,000 limit.
• You may allocate the budget between any number of co-applicants, but they must be listed in the equity table and working on the award. Support staff and tech transfer officers are not eligible.
• If the gross salary costs exceed £60,000 the remainder must be covered by other means, normally the host institution.
• Full economic costs (FEC) are not payable under this programme.
• Research costs, administration costs or running costs of the host institution are not allowable. 

Graduate route - living costs 

• The cash prize should be spent to support your living costs and your growth as an entrepreneur while working on the fellowship programme. There are no restrictions on the way you use the money however, we will ask you for reports on your expenditure. 

Allowed cost under the ‘business support costs’ element 

• Travel, equipment, consultancy fees, project specific consumables, legal costs (up to £3000), accountancy, prototyping, product testing, marketing, advertising, trademarks, website, training, conferences.
• If funds are to be spent on patents, detail how/if this will affect the ownership of related IPR.
• Any individual piece of equipment must have a value of less than £10,000. 

Disallowed costs under the ‘business support costs’ element 

• Salary costs, of yourself or anyone else.
• Manufacturing costs, other than prototypes.
• Rent and utilities.
• Training costs
• We will cover reasonable travel and accommodation costs incurred attending compulsory training days, so do not include such costs.