Making A Proposal

How To Apply

Applications to the Fund may be made at any time. The first step is to discuss the proposal with appropriate Technology Transfer Officers (TTOs) or IP Managers from your University.

If it is felt that there is a strong commercial potential and the idea is suitable for the fund, a proposal will be developed in partnership between the academics, the TTO/IP Managers and the Lachesis Team There may be several iterations of the proposal before it is formally submitted. We will also want to ensure that your presentation is optimised.

The requirements for applications depend on the funds required. For smaller projects, a Proposal Summary form is the main requirement. For large funding requests, the Proposal Summary form should be accompanied by a full business plan.

Assessment Process

Following submission of a proposal to Lachesis, the Lachesis Team will begin the process of assessing the proposal. The Lachesis Team will prepare assessment documentation and co-ordinate due diligence. For larger projects the Investment Advisory Committee must approve the investment decision (at one of their quarterly meetings) before any offer can be made. For proposal under £25,000, decisions can normally be made by the Fund Manager alone.

Offer Letter

If the proposal is approved, the Lachesis Team will prepare an Offer Letter on behalf of the fund, detailing the amount to be invested and the terms of the investment. This Offer Letter will need to be signed by the researcher(s) , the head of department and an appropriate University Authority to indicate acceptance. On receipt of the acceptances and other agreements as necessary, the fund will release the funds.