Technology fund supports (i) Technology Development Grants, to develop new technologies to the point where they are suitable for follow on support from other sources (e.g. Oxford University Innovation (OUI) translational funding) or for commercial exploitation (e.g. capital investment for spinning out, licensing deals etc.), and (ii) Impact Delivery Grants to transfer knowledge, whose take-up will provide benefits to users but will not necessarily generate a financial return to the University (e.g. applications for NHS and other public bodies, NGOs, etc.).