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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?


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?


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.

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