UK businesses can apply for a share of £15 million for game-changing innovations with strong commercial potential that will significantly impact the UK economy.
Programme: Innovate UK
Award: Up to £700k
Opens: 1st Mar 2018
Closes: 9th May 2018
Innovate UK will invest up to £15 million in highly innovative projects with the best game changing and/or disruptive ideas or concepts. This should be with a view to commercialisation and economic impact.
Projects should aim to lead to new products, processes or services (or novel use of existing ones) believed to be significantly ahead of anything similar available in the field.
Proposals can come from any technology (including arts, design, media or creative industries) and any part of the economy.
Projects must focus on commercialisation, growth or scale up as soon as possible following completion. Priority is given to proposals likely to lead to growth, gains in productivity and/or access to new overseas markets through export.
To be in scope, a proposal must demonstrate:
Priority will be given to proposals most likely to lead to sustainable productivity gains or access to new overseas markets through export led business growth.
This competition aims to help businesses overcome barriers to the best cutting edge, game changing innovations becoming a successful commercial reality. This includes making a considerable economic impact and/or resulting in significant, sustainable business growth. This is to be consistent with the government’s industrial strategy.
Competition demand is likely to be very high. You will be competing against proposals for some of the most advanced, cutting edge innovations in the UK and beyond. You need to be certain that this is the right competition for your business, and that your proposal is in scope.
Successful proposals must:
To be eligible for funding you must:
Funding and project types
Total project costs should be between £25k and £1m depending on the type of research and development (R&D) to be undertaken. Project duration should be a minimum of 6 months, and a maximum of 3 years.