Project Summary (circa 500 words)

Our suggested outline for the project summary is as follows:

It should cover the Market Opportunity for the proposed project, your/your collaborators’ Approach, what Outcomes you anticipate, and Project Finance. But remember to keep it short & succinct.  The purpose of the Project Summary is to help us evaluate the project for this funding to further develop the project with SETsquared Universities– it’s unlikely that a project would have the full answers to all of these questions at this stage.

Market Opportunity

Your summary may address some of the following questions:

• What business opportunity does this project address?
• What is the size of the market you are targeting?
• How will the results of the project be exploited, in the end market & supply chain?

Approach

Your answer may address some of the following questions:

• What technical approach will be adopted and how will you manage the project effectively?
• What is innovative about this project?
• What are the main technical, commercial and environmental risks to project success?
• Does your project team have the right skills, experience and access to facilities to deliver your project?

Outcomes

Your answer may address some of the following questions:

• How will the project lead to job creation/safeguarding in the UK?
• What market categories are expected to adopt the technologies under development?
• If applicable, how will the Technology Readiness Level (TRL) and Manufacturing Readiness Level (MRL) of the developed technologies progress through this project?

Project Finance

• How much do you expect the project to cost (grant + collaborators’ contributions)?
• Please provide a summary breakdown of your costings.