A new funding programme to transform academic ideas into successful businesses has been launched by the Liverpool John Moores University (LJMU) in conjunction with the Merseyside Special Investment Fund .
The new joint project titled the Proof of Concept Funding Programme will provide up to £120,000 in loans for each project, with the John Moores University supplying a maximum of £20,000 per scheme .
Commenting on the launch of the programme, LJMU vice chancellor Professor Michael Brown said: "The availability of finance to transform research into commercial applications is critical to having a successful knowledge economy ."
Mark Fuller, managing director of the Merseyside-based fund management company, added: "This partnership represents a great opportunity for more early stage ideas and concepts to become a reality."




