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£20M funding for developing game-changing business innovations

Innovate UK Open Funding Call

UK organisations can apply for a share of up to £20 million to deliver game changing or disruptive innovations with significant potential for impact on the UK economy.. Innovate UK has up to £20 million to support development of innovative technologies that could provide economic growth for the UK, and invest in the best new ideas for products and services developed from cutting-edge technologies.

Projects are expected to range in size between £25,000 and £2 million and to last between 6 and 36 months. Businesses could attract up to 70% of their project costs, and a briefing event will be held on 20 July 2018.

All proposals must be business focused (rather than pure research). Applications can come from any area of technology, science or engineering, including arts, design, media or creative industries, and be applied to any part of the economy. Proposals can fit into, or be outside of, one or more of the Industrial Strategy Challenge Fund areas. This competition is part of Innovate UK’s open funding programme and will support a range of projects from feasibility studies to longer industrial research and experimental development projects.

Projects must demonstrate they have a game-changing idea that could lead to new commercial products, processes or services.

To be eligible you must be a UK based business or research and technology organisation (RTO), carry out your project in the UK, and intend to exploit the results from the UK. Projects can be led by a business working alone or with partners or by a research and technology organisation. All projects must include at least 1 SME

Call opened: 12th July 2018
Call closes: 12th September 2018

More information, Click Here

 

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