Innovate UK is investing £20 million to invest in the best new ideas for products and services developed from cutting-edge technologies. Organisations can apply for a share of up to £20 million to support development of innovative technologies that could provide economic growth for the UK.
Ideas can come from any area of technology, science or engineering, including arts, design and creative industries, and can be applied in any sector of the economy. The competition is part of Innovate UK’s open funding programme and will support a range of projects from feasibility studies to longer industrial research and experimental development projects.
The competition opens on 12 July 2018, and the deadline for applications is at midday on 12 September 2018. The projects should range in size between £25,000 and £2 million and to last between 6 and 36 months.. Projects can be led by a business working alone or with partners or by a research and technology organisation. All projects must include at least 1 SME. Projects Businesses could attract up to 70% of their project costs. A briefing event will be held on 20 July 2018.
