This is an invitation-only programme. Successful applicants will receive a combination of grant and equity financing to carry out a distinct innovative technology development project.
Programme: Innovate UK
Award: Share of up to £10 million
Opens: 12th Jul 2018
Closes: 5th Sep 2018
The UK Innovation and Science Seed (UKI2S) fund will award grants to innovative projects by UK SMEs. Eligible projects must be independently assessed by Innovate UK as fundable and the required match funding must be available to the company from UKI2S or other investors.
To be successful, a project must:
Applications should have a clear route to market, a clear link to innovation and evidence that you can create a team to deliver your proposal.
You must demonstrate that if your project is funded it will have:
To be eligible for funding you must:
Your project must last at least 12 months, start by 30 June 2020 and be completed by 30 June 2022.
There is £10 million allocated to fund innovation projects in this competition.
Your project’s costs can be between £100,000 and £2 million.
For feasibility studies and industrial research projects, you could get funding for your eligible project costs of:
For experimental development projects which are nearer to market, you could get funding for your eligible project costs of: