UK businesses can apply for a share of up to £15 million of funding through Round 2 of Innovate UK’s open programme funding competition.
The aim of this competition is to deliver innovative research and development projects that have a positive impact on the UK economy. The competition is open to businesses of any size and the project can be in collaboration with others (businesses, research base and third sector).
To be in scope, a project must:
- demonstrate transformational or disruptive innovation leading to novel, new products, processes or services
- articulate a clear, anticipated growth and commercialisation impact for the business(es) with considerable, demonstrable potential to lead to a significant return on investment
- focus on either feasibility studies which may include a proof of market; industrial research; or experimental development depending on the challenge identified and proposed solution
Projects may last between 6 and 36 months. Total eligible project costs should range from £25,000 to £1 million depending on the type of R&D to be undertaken.
Priority will be given to projects that are likely to lead to sustainable gains in productivity and/or access to new overseas markets through export-led business growth.
Registrations must be received by 1 February 2017. Applications must be received by 8 February 2017.
For more information and registration, please contact Innovate UK