The UK and South Korea announce a joint funding competition for R&D projects under the EUREKA programme. UK businesses can apply for a share of up to £1 million.
Programme: Innovate UK
Award: Share of up to £1 million
Opens: 18th Mar 2019
Closes: 5th Jun 2019
Innovate UK and the Korea Institute for the Advancement of Technology (KIAT) are announcing a £2 million joint funding call for research and development (R&D) projects under the EUREKA programme.
This will support collaborative, business led research and development (R&D) projects, which should result in a new product, industrial process or service. Projects must be innovative and involve a technological risk.
Your proposal must demonstrate:
Your project must focus one or both of the following:
For Internet of Things, projects are particularly welcome that are using emerging technologies, such as artificial intelligence or blockchain.
Projects must be jointly co-ordinated by the UK and South Korea lead partners.
To lead an application as a UK organisation you must:
All participants from South Korea must ensure that they comply with KIAT’s funding rules.
Research organisations, public sector organisations and charities can be partners on the project but cannot lead in the UK. They can share up to 30% of the total eligible UK project costs but they are not eligible to receive funding.
Your project can include subcontractors but they must not account for more than 20% of the total eligible costs for the entire joint project.
Every UK organisation must carry out the majority of its funded work within the UK, and South Korean organisations must carry theirs out in South Korea.
Innovate UK have allocated up to £1 million to fund UK innovation projects in this competition.
Projects can be feasibility studies and industrial research projects.
UK companies could get funding for their eligible project costs of:
Total UK grant available is up to £350,000 per project.
Your project must start by 1 January 2020 and be completed within 2 years. Your UK grant claim must be submitted by 31 March 2022.
No individual organisation, or individual country, can claim more than 70% of the total eligible costs for the entire joint project.
They will not fund projects that: