Innovate UK, part of UK Research and Innovation, will work with the Korea Institute for Advancement of Technology (KIAT) and Korean Energy Technology Evaluation and Planning (KETEP) to invest up to £2 million in innovation projects.
The aim of this competition is to fund business led, collaborative research and development (CR&D) projects focused on industrial research. This is for innovative proposals developed between the UK and South Korea.
Your proposal must include at least one partner from the UK and one partner from South Korea.
UK registered organisations must apply to and will be funded by Innovate UK.
Your South Korean partner will not receive any funding from Innovate UK. South Korean partners must apply to and will be funded by either KIAT or KETEP, depending on the focus sector of the project:
KIAT
KETEP
In applying to this competition, you are entering into a competitive process. This competition closes at 11am UK time on the deadline stated.
Your project must:
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 South Korea that is a separate, non-linked entity. Your South Korean partner will not receive any of this UK competition funding. South Korean partners will be funded by either KIAT or KETEP.
Each organisation will receive funding from its respective national funding body.
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.
Projects should have a balanced contribution of the total eligible project costs among the partners from the participating partner countries. No more than 70% of the total project costs can be claimed by any single partner or by all partners from a single participating country.
You must only include eligible project costs in your application.
Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian and Belarusian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian and Belarusian source.
The aim of this competition is to fund business led, collaborative research and development (CR&D) projects focused on industrial research. This is for innovative proposals developed between the UK and South Korea.
Your project must demonstrate:
Portfolio approach
We want to fund a variety of projects across different technologies, sectors and UK geographical locations. We call this a portfolio approach.
Specific sectors
Your project must focus on one or more of the following sectors:
Research categories
We will fund industrial research projects as defined in the guidance on categories of research.
Projects we will not fund
We are not funding projects that:
We cannot fund projects that are:
13 March 2023 – Competition opens
14 March 2023 – Online briefing event: register to attend
7 June 2023 11:00am – Competition closes
14 August 2023 – Applicants notified
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