UK businesses can apply for a share of up to £15 million to deliver transformational innovations with potential for impact on the UK economy
Programme: Innovate UK
Award: Up to £700,000
Opens: 5th Dec 2016
Closes: 8th Feb 2017
The competition is open to the best business-led, innovative or disruptive ideas or concepts. These can be drawn from any technology, engineering or industrial area. This area can be one that fits into, or be outside of, any one or more of Innovate UK’s 4 priority sectors for growth.
To be in scope, a proposal must:
To lead a project you must:
Funding and project details
The percentage of costs that Innovate UK pay through a grant varies. It depends on the type of research being carried out and size and type of organisation involved.
Projects can focus on:
For technical feasibility studies (which may include a proof of market) and industrial research, you could get up to 70% of your eligible project costs if you are an SME.
For experimental development projects which are nearer to market, you could get up to 45% of your eligible project costs if you are an SME.
Projects may last between 6 and 36 months. Total eligible project costs should range from £25,000 to £1 million depending on the type of R&D to be undertaken.