5th October 2023 Posted by - Alexander Accountancy
AI solutions to improve productivity in key sectors
Innovate UK, part of UK Research and Innovation, will invest up to £32 million in innovation projects to support the development and adoption of artificial intelligence (AI) and machine learning (ML) solutions in the priority sectors of:
- Transport,
- Construction,
- Agriculture, and
- creative industries.
Your project can focus on one or more of the following:
- data driven decision making,
- automation of administrative tasks,
- project management optimization,
- supply chain optimisation and forecast models,
- waste management,
- intellectual property (IP) management, and
- design.
The competition is split into two strands, offering support to:
- single entities, and
- collaborative R&D projects.
For both strands, Innovate UK will fund industrial research projects and experimental development projects, as defined in the guidance on categories of research.
In terms of project sizes, the total grant funding request for single entities must be up to £100,000. If you’re applying for collaborative R&D funding, your project’s total grant funding request must be between £700,000 and £1.2 million.
This competition opens on Wednesday 27 September. The deadline for applications to both strands is 11am on Wednesday 8 November 2023.
Potential applicants can join Innovate UK’s briefing event on Friday 29 September 2023 to find out more about eligibility (Recording available), the application process, and securing funding for impactful AI initiatives. See: BridgeAI Briefing Event: Collaborative AI Solutions to improve productivity in key sectors – Innovate UK KTN (ktn-uk.org)
