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