Key Features
UK registered micro and small businesses can apply for a share of up to £1.5 million for projects that grow their innovation activities in the immersive and creative industries cluster centred on Coventry and Warwickshire in the West Midlands.
Programme: Innovate UK
Award: Share of up to £1.5 million
Opens: 7th May 2024
Closes: 19th Jun 2024
Innovate UK will work with Coventry City Council, Warwickshire County Council, and the West Midlands Combined Authority to invest up to £1.5 million in innovation projects.
This funding is from Innovate UK’s Launchpad programme. The Launchpad programme supports the UK government’s goals in the Levelling Up White Paper.
The aim of this competition is to provide a package of targeted support to enable ambitious UK registered micro and small businesses to develop highly innovative ideas that have a clear route to commercialisation and business growth.
Your project must use the funding to help grow your innovation activities in the immersive and creative industries cluster centred on Coventry and Warwickshire in the West Midlands, both during and after the project.
Your project must contribute to the ambitions of the cluster to develop, fuse and transfer ideas, industrial innovation capability and sectoral strengths. Your project must build market-orientated opportunities in immersive and creative industries.
Your innovation can lead to new products, processes or services that are significantly ahead of others currently available, or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model.
Portfolio approach
Innovate UK want to fund a variety of projects across different durations, locations, and themes. We call this a portfolio approach.
In support of the UK government’s Levelling Up goals, we reserve the right to prioritise projects that:
Your project can focus on developing and applying technologies including one or more of the following themes:
Your project can be aimed at application in one or more of the following market sectors and industries:
These lists are not exhaustive. Where you can show your proposal fits within the scope of this competition you can focus on other themes or markets.
Your project must:
Projects must always start on the first of the month and this must be stated within your application. Your project start date will be reflected in your grant offer letter if you are successful.
You must only include eligible project costs in your application. If your total project costs exceed £50,000 you will be ineligible and your application will not be sent for assessment. If your grant funding request does not equal your total project costs you will be ineligible and your application will not be sent for assessment.
Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian or Belarusian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian or Belarusian source.
You will be made ineligible if you exceed the Minimal Financial Assistance limit. You must submit a complete declaration as part of your application.
Lead organisation
To lead a project your organisation must be a UK registered micro or small business.
If your business has been funded directly by Innovate UK previously, you are not eligible to be offered funding through this competition.
If you have only received funding directly from Innovate UK Business Growth (previously named Innovate UK EDGE) or a Catapult scheme, you are eligible to apply for this competition.
Businesses with directors who have previously received a grant or Innovation Loan from Innovate UK as part of a different company, are eligible to apply but will be considered on a case-by-case basis.
A business with a previous award to a parent or subsidiary would also be eligible to apply, but the parent company must be classified as a micro or small business. Applications will be considered on a case-by-case basis.
If you are unsure, contact our customer support team by email at least 10 working days before the submission deadline.
Subcontractors
Subcontractors are allowed in this competition.
Subcontractors can be from anywhere in the UK and you must select them through your usual procurement process.
Innovate UK expect all subcontractor costs to be justified and appropriate to the total eligible project costs.
Number of applications
An eligible UK business can submit one application only. Any subsequent applications submitted with the same project lead will be ineligible and will not be forwarded for assessment. This limit extends to current owners, directors and persons of significant interest, prohibiting them from leading multiple submissions through different entities.
Use of animals in research and innovation
Innovate UK expects and supports the provision and safeguarding of welfare standards for animals used in research and innovation, according to best practice and up to date guidance.
Any projects selected for funding which involve animals will be asked to provide additional information on welfare and ethical considerations, as well as compliance with any relevant legislation as part of the project start-up process. This information will be reviewed before an award is made.
You can use a previously submitted application to apply for this competition.
Innovate UK are not funding projects that:
Innovate UK cannot fund projects that:
Innovate UK have allocated up to £1.5 million to fund innovation projects in this competition.
The total funding available for this Launchpad competition can change. The funders have the right to:
Each eligible business can apply for grant funding of between £25,000 and £50,000.
Your total project costs will be 100% funded. Your grant funding request must match your total project costs. If your grant funding request is not 100% of your total project costs then your application will be made ineligible.
Your total project costs detailed within your application must not exceed the maximum of £50,000. If your total project costs are below the minimum of £25,000 or exceed the maximum of £50,000 then your application will be made ineligible.
Innovate UK will aim to pay:
Book an appointment to speak to one of our advisors to discuss your eligibility to apply for this Grant Funding opportunity.
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