Businesses can apply for a share of £15 million for innovation projects to stimulate the new products and services of tomorrow
Programme: Innovate UK
Award: Up to £1,400,000
Opens: 3rd Oct 2016
Closes: 7th Dec 2016
The aim of this competition is to help businesses innovate to find new revenue sources. Proposals should show how to achieve a step change in business growth, productivity and export opportunities for at least one UK small and medium-sized enterprise (SME).
There are 2 streams to apply into this competition, dependent on project size and length:
Stream 1 is for projects under 12 months duration and under £100,000.
Stream 2 is for projects lasting longer than 12 months or costing over £100,000.
The aim of this competition is to help businesses broaden out innovation activities, to find new sources of revenue from new products, processes or services. Projects will:
Innovate UK are looking to fund a portfolio of projects that include:
Projects must clearly show high-growth potential innovations in one or more of the following areas:
To lead a project, you must:
Funding and project details
All projects must involve at least one SME and a business must lead the project.
Stream 1: Project costs of up to £100,000
The type of innovation project will depend on the challenges and opportunities your business faces.
Proposals must show how project success will improve business growth and productivity and/or encourage export opportunities, including for at least one UK small and medium-sized enterprise (SME) involved in the project.
Specific competition themes
Innovation in emerging technologies that show significant industry and commercial improvement in novel applications of:
• energy harvesting
• imaging technologies
• graphene or biofilms
• other areas of emerging technology
Innovation in enabling technologies that:
• show benefits across multiple industrial sectors or markets
• provide new products and services
• allow new applications for existing products and services
• enable new capabilities or business models
Innovate UK particularly encourage proposals that address:
• systems that combine multiple technologies to deliver a focused, real-world outcome, for example, combining earth observation data from satellites with other technologies to improve business performance
• smart sensor systems that allow intelligent decisions to be made by looking at miniaturisation, low-power processing and communications
• smart technology that provides a richer and more informative output to the end user
• photonics for manufacturing, healthcare and imaging
• digital technologies with substantial potential to change and disrupt sectors of the economy; for example, distributed ledgers, or augmented and virtual reality.