The aim of this competition is to provide a package of targeted support to enable ambitious UK registered micro and small businesses in transformative technologies to reach their potential.
Innovate UK is offering UK registered small and micro businesses a share of up to £20 million in grants. In addition to the grant support, you will be offered tailored business support delivered by Innovate UK EDGE.
Your innovation must lead to new products, processes or services that are significantly ahead of others currently available, or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model.
You must focus on one of the transformative technologies and how you can enable affordable, adoptable and investable innovations for:
Your project must:
If you exceed the total project costs of £50,000 you will be ineligible and your application will not be sent for assessment. You will also be made ineligible if you exceed the Minimal Financial Assistance limit. You must submit a complete declaration as part of your application.
To lead a project your organisation must be a UK registered micro or small business.
If your business has been funded by Innovate UK previously, you are not eligible to apply for this competition. Businesses with directors who have previously received a grant or Innovation Loan from Innovate UK as part of a different company, are eligible to apply but will be considered on a case by case basis. A business with a previous award to a parent or subsidiary would also be eligible to apply, but the parent company must be classified as a micro or small business. Applications will be considered on a case by case basis.
Subcontractors are allowed.
An eligible UK business can lead on one application. We will only award grant funding to one project per business.
Finance arrangements
Each eligible business can apply for a grant of between £25,000 and £50,000. You can claim 100% of your eligible project costs up to the maximum of £50,000.
We will aim to pay:
The aim of this competition is to provide a package of targeted support to enable ambitious UK registered micro and small businesses in transformative technologies to reach their potential.
You must focus on one of the transformative technologies and how you can enable affordable, adoptable and investable innovations.
Your innovation must lead to new products, processes or services that are significantly ahead of others currently available, or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model.
In your application, you must demonstrate that you:
We are particularly interested in how your proposal will help you:
You must focus on one of the transformative technologies and how you can enable affordable, adoptable and investable innovations for:
Semiconductors
Future Telecoms
We encourage projects to build on or contribute to open standards development or the extension of OpenRAN
Artificial Intelligence Assurance
Engineering Biology
Quantum
Sustainable UK Materials and Manufacturing
Click here to watch the pre-recorded applicant briefing.
Where applicable, your organisation and team are encouraged to review and follow the Machine Learning Security Principles provided by NCSC.
Your organisation and team are also encouraged to review and follow the National Cyber Strategy provided by DCMS.
Where applicable, you should demonstrate alignment to the CPNI Security-Minded approach to Information Management.
Further guidance and support for Trusted Research is available from UKRI.
Our team is available to support your business in implementing SLA's - get in touch with one of our consultants.
phone: 0116 223 5887 or email: info@rdsconsultants.co.uk
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