Deadline: 28-Sep-22
Innovate UK has launched the applications for UK-Israel Globalstars Eureka Competition to support collaborative, business led research and development (R&D) projects which should result in a new product, industrial process or service.
The aim of this competition is to provide innovation research and development (R&D) funding for industrial research projects. The competition will fund projects from any technological or market area. The national funding agencies will fund their respective participants in the projects.
Your collaborative R&D proposal must demonstrate:
- a clear game-changing or disruptive innovative idea leading to new products, processes or services
- a strong and deliverable business plan that addresses (and documents) market potential and needs
- sound, practical financial plans and timelines
- good value for money, which will always be a consideration in Innovate UK funding decisions
- a clear, evidence-based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion
- clear, considerable potential to significantly benefit the UK economy or national productivity
- the benefit of participants from the countries working together and how this adds value
- a clear definition of where intellectual property (IP) can be used and shared between the participants and countries
- a clear route to market within 2 to 3 years of project completion
Funding Information
UK applicants can apply for total grant of up to £250,000 for each project.
Eligibility Criteria
- The UK registered partners in your Eureka project must nominate one business, of any size, to start an Innovate UK application. They refer to them as the ‘lead organisation’ and the person they nominate to have overall responsibility as the ‘lead applicant’.
- The lead applicant has an overall view of the application and must:
- start the application
- monitor the partners’ application progress
- make sure all UK partners complete their parts of the application
- click submit once the application is complete
- The UK lead applicant must collaborate with at least one Israeli organisation participating in the competition. It must be a separate legal entity, not linked to the UK partners.
For more information, visit https://apply-for-innovation-funding.service.gov.uk/competition/1217/overview/3ceaf335-ac34-4f3a-a1cc-0ba97cca2d20