Deadline: 20-Apr-22
Innovate UK, part of UK Research and Innovation, will invest up to £3 million in innovation projects in partnership with Enterprise Singapore.
The aim of this competition is to fund business led collaborative research and development (CR&D) projects focused on industrial research. Your proposal must include at least one partner from the UK and one partner from Singapore.
The projects they fund are expected to result in a new product, industrial process or service. They must be innovative, involve a technological risk, and have high market potential in the participating countries.
Your project must demonstrate:
- a clear game-changing 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
- sound, practical financial plans and timelines
- good value for money which will always be a consideration in Innovate UK 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
- considerable potential to significantly benefit the UK economy or national productivity
- the benefits of participants from the countries working together and how this adds value
- a clear definition 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
Sectors
Innovate UK would particularly welcome applications from the following sectors:
- Advanced manufacturing and materials
- Agrifood tech
- Mobility and transport
- Cybersecurity
- Health and life sciences
Funding Information
Your project must:
- apply for a maximum grant of up to £350,000
- start by 1 September 2022
- last between 24 and 36 months
Eligibility Criteria
- UK project partners must carry out the majority of their project work in the UK and intend to exploit the results from or in the UK.
- The consortium must include at least one business registered in Singapore that is a separate, non-linked entity.
- All businesses in a consortium must be separate legal and non-linked entities. This is to ensure that projects encourage genuine international collaboration, not internal company research. Linked companies are considered a single entity under the parent company.
- To lead a project your organisation must:
- be a UK registered business of any size
- be or involve at least one grant claiming UK registered SME
- partner with a Singapore registered business, which must be a separate non-linked entity to the UK project partners
- Academic institutions cannot lead or work alone.
For more information, visit https://apply-for-innovation-funding.service.gov.uk/competition/1085/overview