R&D Experience Grants: Who Qualifies and What You Get
Businesses can receive funding to cover a portion of a student's salary during research and development projects.
This scheme provides financial support to businesses that bring students into their research and development projects to help fund technical work.
Who it's for
This grant is designed specifically for businesses that are looking to hire students for research and development (R&D) projects. To qualify, the students you hire must be studying in STEM fields. This includes students focused on science, technology, engineering, or mathematics. By bringing these students on board, businesses can gain fresh perspectives for their technical projects while receiving support for the cost of the student's involvement.
What you get
If your application is successful, the grant helps offset the financial burden of hiring new talent. Specifically, the scheme covers a portion of the student's salary. This support is intended to last for a duration of 10 weeks, providing a structured period where the student can contribute to your company's R&D goals while the government helps manage the wage costs.
What it costs you
There is no fee required to apply for this grant. The primary costs involved are the time taken to prepare your application and the administrative effort required to manage the student during their 10-week period. You will also need to ensure your business is prepared to host a student and provide the necessary supervision for their research work.
The catch to know
Timing is the most important factor for applicants to consider. You cannot apply at the last minute; you must submit your application well before the summer break to ensure everything is processed in time for your intended project period. If you wait too long, you may miss the window for that season's funding cycle.
How to apply
- Identify a research and development project within your business that requires technical support.
- Find a suitable student currently studying in a STEM field to fill the role.
- Prepare your project details and student information for the application.
- Submit your application through the official channels well in advance of the summer break.
- Check the official portal for any specific documentation or current application requirements.