Deadline: 17-Nov-21
The Innovate UK, as part of UK Research and Innovation, will invest up to £5 million to fund innovation projects in this competition. The grant funding is from the Industrial Strategy Challenge Fund (ISCF) Transforming Food Production challenge.
The aim of this competition is to support UK registered micro, small and medium-sized enterprises (SMEs) to transform food production through experimental development projects that are closer to market.
Aims
- You must demonstrate how your project meets the overall aims of the ISCF Transforming Food Production Challenge, to:
- help food production systems achieve net zero emissions by 2040
- help produce food in ways that are more efficient, resilient and sustainable
- speed up the development and use of integrated precision approaches to improve productivity in agricultural systems
Focuses
Your project must focus on one or more of the following:
- the development of precision solutions and systems that will make a significant step towards net zero emissions for food production
- improving productivity of the agricultural sector
- stimulating the establishment of novel high value production systems
- developing export opportunities
Projects
To be offered grant funding your project must:
- be assessed as eligible for grant funding
- be successful in demonstrating how your project meets the overall aims of the ISCF Transforming Food Production Challenge
- have secured aligned investment with a lead investor from the pool
Funding Information
- Your project’s total eligible costs must be between £1 million and £3 million.
Eligibility Criteria
- Innovate UK are seeking SMEs with high growth potential that aspire to transform food production towards net zero emissions by 2040. To secure grant funding you must also secure investment of at least twice the amount of grant through one of the lead investors associated with this programme.
- Your project must:
- have total eligible costs between £1 million and £3 million
- start by 1 August 2022
- end by 31 January 2024
- last 18 months
- carry out all of its project work in the UK
- intend to exploit the results from or in the UK
- Lead organisation
- To lead a project your organisation must:
- be a UK registered micro, small or medium-sized enterprise (SME)
- be prepared to negotiate head of terms for an aligned series A investment.
For more information, visit https://apply-for-innovation-funding.service.gov.uk/competition/1025/overview