Innovate UK, as part of UK Research and Innovation, will invest up to £20 million in the best game-changing or disruptive ideas with a view to commercialisation.
They are looking for new game-changing or disruptive processes or services that have the potential to improve and transform people’s lives, industries and the world. These ideas should have a considerable positive impact to UK productivity and the economy and a high potential for commercialisation within the UK and wider global markets.
The next round will open on 25 April, closing on 24 July 2019. All proposals must be business focused, rather than pure research. Applications can come from any area of technology (including arts, design, media or creative industries), science or engineering and be applied to any part of the economy.
Duration between 6 and 18 months: total eligible project costs between £25,000 and £500,000 (single company or collaboration).
Duration between 19 and 36 months: total eligible project costs between £25,000 and £2 million (collaboration only).
Funding is is available up to the following levels;
- up to 70% if you are a small business
- up to 60% if you are a medium-sized business
- up to 50% if you are a large business
For more information or to discuss an application, please call 0161 826 2256 or email funding@tattonconsulting.co.uk