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: 14th Feb 2022
Closes: 6th Jul 2022
Innovate UK, part of UK Research and Innovation, will invest up to £2 million in innovation projects in partnership with the Korea Institute for Advancement of Technology (KIAT).
The aim of this competition is to fund collaborative research and development (CR&D) projects focused on industrial research.
Your project must demonstrate:
We want to fund a portfolio of projects, across a variety of technologies and sectors.
Your project must focus on one or more of the following sectors:
Innovate UK are not funding projects that:
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.
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.
To lead a project your organisation must:
Academic institutions cannot lead a project.
To collaborate with the lead, your organisation must be a UK registered:
Subcontractors are allowed in this competition, but they are limited to no more than 20% of the total eligible costs of the UK participation.
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 will not award you funding if you have:
Innovate UK have allocated up to £2 million to fund innovation projects in this competition.
If the majority of 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.
For industrial research projects, you could get funding for your eligible project costs of:
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.