Apply for Joint Research and Development Program in the UK and South Korea

Deadline: 5 June 2019

Applications are open for joint funding competition for R&D projects under the EUREKA programme.

This will support collaborative, business led research and development (R&D) projects, which should result in a new product, industrial process or service. Projects must be innovative and involve a technological risk.

Focus Areas

Proposals must focus on one or both of the following technology areas:

  • advanced materials for transport (air, land and maritime), with a focus on materials development
  • Internet of Things (IoT), with a clearly-identified industrial or sector application

Funding Information

The Total eligible costs between £100,000 and £1 million.

Eligibility Criteria

  • Projects must be jointly co-ordinated by the UK and South Korea lead partners.
  • To lead an application as a UK organisation applicant must:
    • be a UK based business of any size
    • collaborate with the South Korean lead, who must be a business of any size
    • collaborate with at least one UK-based micro, small or medium-sized enterprise (SME), which must incur at least half of the UK eligible costs
    • carry out the majority of their funded work within the UK
  • Applicants proposal must demonstrate:
    • a clear game-changing and/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
    • a team, business arrangement or working structure with the necessary skills and experience to run and complete the project successfully and on time
    • awareness of all the main risks the project will face (including contractor or equipment failure, recruitment delays and so on) with realistic management, mitigation and impact minimisation plans for each
    • sound, practical financial plans and timelines
    • good value for money which will always be a consideration in Innovate UK and KIAT 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 and South Korea economies and/or national productivity
    • the benefit of participants from the 2 countries working together and how this adds value
    • a clear definitions 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

How to Apply

Applicants can apply via given website.

For more information please visit https://apply-for-innovation-funding.service.gov.uk/competition/329/overview#summary

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