Four groups of businesses, partnering with academics for research and development projects, are being offered a chance to share £30,000.
The financial boost to industry-academic collaborations is aimed at multiparty groups of businesses in three sectors: creative industries, food & drink, and tourism.
Interface is encouraging partnerships which could benefit an entire industry, bringing new products, processes or services. The organisation, which matches businesses and academics, has launched a competition for groups or consortia of four or more parties, including an academic from a Scottish university, college or research institution.
Suzanne Dawson, head of sector relationships at Interface, said: “This competition is a fantastic opportunity for groups of businesses to enable change which could bring benefit throughout their industry by working with Scotland's academic expertise, which is renowned for its ability to tackle real-life business challenges.
"We want to enable businesses to be more competitive in national and global markets working in partnership with like-minded businesses and our world-leading academics."
Applications should demonstrate not only innovation but how the project will add value and impact to the sector as a whole.
Proposed projects could tackle issues such as sustainability, manufacturing process and efficiency, inclusion, diet and nutrition or destination development, however all applications will be welcomed.
The deadline for initial applications, which will be judged by an external evaluation panel, is Tuesday 30 May 2017.
The funding will be awarded to each project with the businesses matching the award in kind or in cash.
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