UK registered businesses can apply for a share of up to £2 million for this competition. This funding is for the purpose of developing innovative proposals with South Korea.
Programme: Innovate UK
Award: Share of up to £2 million
Opens: 13th Mar 2023
Closes: 7th Jun 2023
Innovate UK, part of UK Research and Innovation, will work with the Korea Institute for Advancement of Technology (KIAT) and Korean Energy Technology Evaluation and Planning (KETEP) to invest up to £2 million in innovation projects.
The aim of this competition is to fund business led, collaborative research and development (CR&D) projects focused on industrial research. This is for innovative proposals developed between the UK and South Korea.
Your project must demonstrate:
Your project must focus on one or more of the following sectors:
Your project must:
UK project partners must carry out the majority of their project work in the UK and intend to exploit the results from or in the UK.
The consortium must include at least one business registered in South Korea that is a separate, non-linked entity. Your South Korean partner will not receive any of this UK competition funding. South Korean partners will be funded by either KIAT or KETEP.
Each organisation will receive funding from its respective national funding body.
All businesses in a consortium must be separate legal and non-linked entities. This is to ensure that projects encourage genuine international collaboration, not internal company research. Linked companies are considered a single entity under the parent company.
Projects should have a balanced contribution of the total eligible project costs among the partners from the participating partner countries. No more than 70% of the total project costs can be claimed by any single partner or by all partners from a single participating country.
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 and Belarusian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian and Belarusian source.
To lead a project your organisation must:
To collaborate with the lead, your organisation must be a UK registered:
Each UK partner organisation must be invited into the Innovation Funding Service by the lead to collaborate on a project.
Subcontractors are allowed in this competition, but they are limited to no more than 20% of the total eligible costs of the UK participation.
Subcontractors can be from anywhere in the UK and you must select them through your usual procurement process.
All subcontractor costs must be justified and appropriate to the total project costs.
A UK registered business can lead on one application but can be included as a collaborator in a further 2 applications.
If a UK registered business is not leading any application, it can collaborate in up to 3 applications.
A UK registered academic institution or RTO can collaborate on any number of applications.
You can use a previously submitted application to apply for this competition.
Innovate UK are not funding projects that:
Innovate UK cannot fund projects that are:
Innovate UK have allocated up to £2 million for UK partners to fund innovation projects in this competition. Funding will be in the form of a grant.
If your organisation’s work on the project is commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically but for the purpose of this project will be undertaking commercial or economic activity.
For industrial research projects, you could get funding for your eligible project costs of:
South Korean partners must request any funding support from KIAT or KETEP.
The research organisations undertaking non-economic activity as part of the project can share up to 30% of the total eligible project costs. If your consortium contains more than one research organisation undertaking non-economic activity, this maximum is shared between them. Of that 30% you could get funding for your eligible project costs of up to:
Book an appointment to speak to one of our advisors to discuss your eligibility to apply for this Grant Funding opportunity.