UK registered small and micro businesses can apply for a share of up to £20 million for affordable, adoptable and investable innovations in transformative technologies.
Programme: Innovate UK
Award: Share of up to £20 million
Opens: 20th Feb 2023
Closes: 29th Mar 2023
Innovate UK is offering UK registered small and micro businesses a share of up to £20 million in grants. In addition to the grant support, you will be offered tailored business support delivered by Innovate UK EDGE.
The aim of this competition is to provide a package of targeted support to enable ambitious UK registered micro and small businesses in transformative technologies to reach their potential.
You must focus on one of the transformative technologies and how you can enable affordable, adoptable and investable innovations.
Your innovation must 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.
In your application, you must demonstrate that you:
Innovate UK are particularly interested in how your proposal will help you:
Innovate UK want to fund a variety of projects across:
You must focus on one of the transformative technologies and how you can enable affordable, adoptable and investable innovations for:
– neutral host networks
– citizen WI-FI
– mesh networks,
– energy efficient networks
– satellite and non-terrestrial networking solutions
Innovate UK encourage projects to build on or contribute to open standards development or the extension of OpenRAN
Artificial Intelligence Assurance
Your project must:
You must only include eligible project costs in your application. If you exceed the total project costs of £50,000 you will be ineligible and your application will not be sent for assessment.
You will be made ineligible if you exceed the Minimal Financial Assistance limit. You must submit a complete declaration as part of your application.
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 or subcontractor. This includes any goods or services originating from a Russian or Belarusian source.
To lead a project your organisation must be a UK registered micro or small business.
If your business has been funded by Innovate UK previously, you are not 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.
Subcontractors are allowed in this competition.
Subcontractors can be from anywhere in the UK and you must select them through your usual procurement process.
You can use subcontractors from overseas but must make the case in your application as to why you could not use suppliers from the UK.
You must provide a detailed rationale, evidence of the potential UK contractors you approached and the reasons why they were unable to work with you. Innovate UK will not accept a cheaper cost as a sufficient reason to use an overseas subcontractor.
All subcontractor costs must be justified and appropriate to the total project costs.
An eligible UK business can lead on one application. We will only award grant funding to one project per business.
You can use a previously submitted application to apply for this competition. This means you can submit an application that was unsuccessful in one previous competition.
If you submit a new application this time you can only submit an updated application into one future competition that allows this.
Grant funding in this competition is awarded as Minimal Financial assistance (MFA). This allows public bodies to award up to £315,000 to an enterprise in a 3-year rolling financial period.
In your application, you will be asked to declare previous funding received by you. This will form part of the financial checks ahead of Innovate UK making a formal grant offer.
To establish your eligibility, we need to check that our support added to the amount you have previously received does not exceed the limit of £315,000 in the ‘applicable period’.
The applicable period is made up of:
(a) the elapsed part of the current financial year, and
(b) the two financial years immediately preceding the current financial year.
You must include any funding which you have received during the applicable period under:
You do not need to include aid or subsidies which have been granted on a different basis, for example, an aid award granted under the General Block Exemption Regulation.
Innovate UK are not funding projects that:
Innovate UK cannot fund projects that are:
Innovate UK has allocated up to £20 million to fund innovation projects in this competition.
Each eligible business can apply for a grant of between £25,000 and £50,000.
You can claim 100% of your eligible project costs up to the maximum of £50,000.
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.