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Innovate UK have allocated up to £15 million to fund innovation projects. Successful applicants can attract grant funding towards their eligible project costs. The competition is open to the best business-led ideas or concepts. These can be drawn from any technology, engineering or industrial area.
Priority will be given to proposals that are likely to lead to sustainable gains in the productivity and/or access to new overseas markets through export led business growth.
The percentage of costs that Innovate UK pay through a grant varies and depends on the type of research being carried out and size and type of organisation involved. The competition is split into two streams, dependent upon the length and size of the project. Expected project lengths are between 6 to 36 months and total eligible costs can range from £25,000 to up to £1 million.
Projects can focus on:
To lead a project you must:
The competition opened on 6 June, with the following dates to note:
There are briefing webinars available: