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Proof of Concept Fund


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What does 'Proof of Concept' mean?

‘Proof of Concept’ is evidence, which demonstrates that your business model or idea is feasible. In order to get this evidence, you may need to do some market research or run some tests to make sure that your business can work. Once you’ve carried out your market research and you can show your business idea is commercially feasible, you can look to the grant to help start the business by overcoming impediments such as the need for insurance, licenses, professional fees, etc.

Fund currently closed

Our Proof of Concept Fund provided successful applicants with up to £500 to help establish whether or not a business idea was feasible.

The grant could be used for many different types of market research expenses or to help overcome roadblocks to help them start their business faster. In the last 12 years we awarded 180 grants to Leeds Beckett Students and Graduates.

Success story

Find out how Proof of Concept funding helped Hamiltons Club test their idea.

Hamilton Club

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