17th February 2023 Posted by - Alexander Accountancy
Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing and world-leading ideas. Ideas need to be designed for swift, successful commercialisation and be genuinely new and novel, not just disruptive within their sector.
All proposals must be business-focused, with deliverable, realistic, adequately resourced plans to achieve return on investment, growth, and market share following project completion.
Applications can come from any area of technology and be applied to any part of the economy, such as, but not exclusively:
- net-zero
- the arts
- design and media.
To be in scope, your proposal must demonstrate (amongst other things):
- a game-changing, innovative, and disruptive idea that will lead to new products, processes or services
- an idea that is significantly ahead of others in the field, set for rapid commercialisation
- clear potential to positively impact the UK’s position, productivity, and competitiveness within the global economy.
Project size.
Projects of 6 to 18 months must have total eligible project costs between £100,000 and £500,000 and can be single or collaborative.
19 to 36 month projects must have total eligible project costs between £100,000 and £2 million and must be collaborative.
Click the link below to discover the eligibility
