Deadline: 20-Jan-21
UK registered organizations can now apply for a share of up to £25 million from Innovate UK to deliver disruptive R&D innovations that can significantly impact the UK economy.
Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing and commercially viable innovative or disruptive ideas. All proposals must be business focused.
Applications can come from any area of technology and be applied to any part of the economy, such as, but not exclusively:
Research Categories
They will fund innovative research and development (R&D) projects across a variety of technologies, markets and research categories, including:
- Feasibility, including market research;
- Industrial research;
- Experimental development;
- Projects can be at different levels of technological maturity, up to but not including commercialization.
Funding Information
- Projects with durations between 6 and 18 months must have total eligible project costs between £25,000 and £500,000. Projects between 19 months and 36 months must have total eligible project costs between £25,000 and £2 million.
Scope
Your proposal must demonstrate:
- A clear game-changing, innovative, disruptive and ambitious idea leading to new products, processes or services;
- An idea that is significantly ahead of others in the field, set for rapid commercialization;
- A strong and deliverable business plan that addresses (and documents) market potential and needs;
- A clear, evidence based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialization, as soon as possible after project completion;
- 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, etc) with realistic management, mitigation and impact minimization plans for each risk;
- Clear, considerable potential to significantly impact either or both, the UK economy and productivity in a positive way;
- Sound, practical financial plans and timelines that represent good value for money, which will always be a consideration in Innovate UK funding decisions.
Who can apply?
- State aid
- Any UK registered business claiming grant funding must be eligible to receive state aid at the time , they confirm you will be awarded funding.
- Lead Organization
To lead a project you must:- be a UK registered business of any size or a research and technology organization (RTO);
- carry out your R&D project activity in the UK;
- intend to commercially exploit the project results from or in the UK;
- be an SME if you want to work alone;
- include at least one SME if you are a large business or RTO and wish to collaborate with other UK registered businesses, research organizations, public sector organizations or charities.
- Project team
To collaborate with the lead organization you must:- be a UK registered business of any size, academic organization, charity, public sector organization or a research and technology organization (RTO);
- carry out your R&D project activity in the UK;
- intend to commercially exploit the project results from or in the UK;
- be invited to take part by the lead applicant;
- enter your costs in the Innovation Funding Service.
For more information, visit https://apply-for-innovation-funding.service.gov.uk/competition/762/overview