UK public sector organisations can apply for a share of up to £2.9 million to better exploit high-potential intangible assets. This funding is from the Knowledge Asset Grant Fund programme and delivered by the Government Office for Technology Transfer.
Programme: Innovate UK
Award: Share of up to £2.9 million
Opens: 15th Jul 2022
Closes: 15th Dec 2022
The Knowledge Asset Grant Fund (KAGF) programme is run by the Government Office for Technology Transfer (GOTT) and funded by the Department for Business, Energy and Industrial Strategy (BEIS).
The programme has £13 million funding available over 3 years with £2.9 million allocated to this financial year.
Innovate UK are administering this competition using their online competition platform on behalf of GOTT.
The aim of this competition is to support the identification and development of public sector knowledge assets which includes their repurposing, commercialisation or expanded use. These assets may include, intellectual property, data, innovation, software and knowhow.
Your proposal must test your Knowledge Asset’s potential for expanded or alternative use and, where relevant, provide the foundation for further investment.
The Knowledge Asset Grant Fund will support projects which are not suitable to secure investment from private sources. For example, this could be where funding is required to develop an asset to be used across different organisations within government which usually do not collaborate.
The funding can be used for discrete projects or may contribute to a specific stage in asset development.
You must have a clear output evidenced at the end of the funded activities, such as the progression to a new development stage, a report, or prototype
GOTT reserves the right to prioritise projects within specific themes where necessary. The programme themes will develop, and details will be available from GOTT.
Innovate UK are not funding:
Funding will not be conditional on:
Your project must:
All awards granted in 2022 must spend at least 50% of the funding awarded by 31 March 2023.
Awards granted in 2023, must spend at least 50% of the funding awarded by 30 June 2023.
You must only include eligible project costs in your application.
Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian source.
The Knowledge Asset Grant Fund support is for the development of existing assets. Assets do not have to be potentially revenue-generating to attract funding.
To lead a project your organisation must be:
This includes but is not limited to:
Your organisation must have approval from a Senior Civil Servant or equivalent, with the appropriate budget delegation from their accounting officer, up to and including the value of the grant being sought.
Academic institutions, cannot lead.
Subcontractors are allowed in this competition.
You can use a previously submitted application to apply for this competition,
provided it has been improved based on the feedback you will have received.
Up to £2.9 million has been allocated to fund innovation projects in this competition. Funding will be in the form of a grant.
Your project could get up to 100% funding for eligible project costs.
If successful, your award will be finalised pending receipt of a grant agreement. This must be signed by the Senior Officer Responsible with the appropriate delegation from their Accounting Officer, up to the full cost of your project or grant applied for, whichever is larger.
Your grant agreement will also commit you to apply trusted research principles in this project as a condition of grants offered by BEIS.
<h1 style=”text-align: center;”>Interested in applying for this competition?</h1>
<p style=”text-align: center;”>Book an appointment to speak to one of our advisors to discuss your eligibility to apply for this Grant Funding opportunity.</p>
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