Once a call has closed the applications will be checked for compliance and distributed to a review panel, comprising external experts with knowledge of innovation and technology transfer and representatives from partner universities, to score in accordance with the guidance. A meeting of the review panel will then be held for moderation of the scoring and this will be followed by a funding decision panel at which those projects that will receive funding will be confirmed.
There are two possible outcomes for each application. These are: award approved or award not approved. If your application is not approved this time it can be resubmitted to one of the future rounds.
You can see the how applications will be scored here.