Deadline: 9 May 2018
Innovate UK is inviting applicants for its 2018 sector competition with an aim to help businesses overcome barriers to the best cutting edge, game changing innovations becoming a successful commercial reality.
Program Scope
To be in scope, a proposal must demonstrate:
- a clear game-changing and/or disruptive innovative idea
- that applicant’s idea can lead to novel new products, processes or services that are significantly ahead of others in the field
- 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 with realistic management, mitigation and impact minimisation plans for each
- sound, practical financial plans and timelines that represent good value for money
- a clear, evidence based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible following project completion
Themes
- Successful proposals must:
- demonstrate a clear, considerable potential to make a significant and positive impact on the UK economy and/or productivity
- demonstrate realistic, significant potential for global markets
- They particularly welcome proposals from innovation-based businesses with significant ambition and potential for growth or scale up.
Funding Information
Applicant’s project’s total costs should be between £25,000 and £1 million depending on the type of research and development (R&D) to be undertaken. Project duration should be a minimum of 6 months, and a maximum of 3 years.
Eligibility Criteria
- To be eligible for funding applicants must:
- be a UK based business of any size
- carry out their project work in the UK
- intend to exploit the results in or from the UK
- work alone or in collaboration with others (businesses, research base or third sector)
- The lead organisation must claim funding through this competition. If the project is collaborative, at least one other organisation in the consortium must also claim funding.
How to Apply
Applicants can apply via given website.
Eligible Country: UK
For more information, please visit Innovate UK.