Energy Entrepreneurs Fund: phase 7

Overview

The Energy Entrepreneurs Fund is a competitive funding scheme seeking the best ideas across energy technology areas from the public and private sector.

You must register your interest to apply for this funding competition by 3rd August 2018 13:00.

Scope

The EEF is open to applications for innovative technology development and demonstration projects in the areas of energy efficiency, power generation, heat and electricity storage.

Examples of what may be funded are as follows:

• Improved performance characteristics over existing technologies or products
• Novel component technologies that can be implemented in existing systems to deliver improved performance or reduced costs of the system
• Products, processes or technologies that can reduce the cost of installation or maintenance of existing systems

You will be expected to show in your application a robust evidence based case for funding, which will include but not be limited to:

• the potential impact of the innovation on 2050 low carbon targets or security of energy supply
• the technical viability of their innovation and a coherent development plan that will commercially progress the innovation
• value for money, including cost reduction potential
• the size and nature of the business opportunity

Eligibility

To be eligible for funding, projects must:

• have activities largely conducted in the UK
• have a Technology Readiness Level (TRL) 3 or above
• have at least 10% of total project costs in match-funding
• have all work completed by 31st March 2021

Funding Costs

Projects can be up to 36 months in duration.

Up to £1m of the £10m available grant funding will be ring fenced for smaller projects with a total value up to £250,000. The remaining funding will be used to fund projects with a total value greater than £250,000.

If you are a small start-up and have been in existence for less than 5 years, the maximum amount of funding you receive shall not exceed £725,000; you will need to demonstrate at least 10% cash match.

For single companies applying, your size will alter the maximum amount of funding you will receive towards your eligible costs.

For Industrial Research Projects:

• Small companies – 70%
• Medium companies – 60%
• Large companies – 50%

For Experimental Development Projects:

• Small companies – 45%
• Medium companies – 35%
• Large companies – 25%

For consortia applying for;

Industrial Research Projects:

• Small companies – 80%
• Medium companies – 75%
• Large companies – 65%

Experimental Development Projects:

• Small companies – 60%
• Medium companies – 50%
• Large companies – 40%