Grant holders of ERC Proof of Concept grants announced
The ERC announced the names of 44 of its grant holders who will receive top-up funding to explore commercial or innovation potential of the results of their ERC-funded research. These Proof of Concept grants, worth €150,000 each, can be used, for example, to establish intellectual property rights, investigate business opportunities or conduct technical validation. Two researchers from Austrian host institutions, namely the Institute for Molecular Biotechnology and the Vienna University of Technology, have been selected for funding.
The Proof of Concept scheme is open to ERC grant holders only. This year, the grantees could apply for funding in three rounds of the call. The results of the second round were announced on 16 October 2015.