Innovation funding
Fast Start: Innovation
Innovate UK is offering small and micro businesses a share of up to £30 million in grants alongside tailored business support delivered by Innovate UK EDGE. You can apply for up to £50,000 for highly innovative ideas that have a clear route to commercialisation through business growth.
Your project 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 be able to show that you:
● Have a great idea.
● Need public funding.
● Have the capability to deliver the project.
● Will deliver the project.
Your idea must focus on either achieving net zero or self-driven healthcare, and how new technology can enable affordable, adoptable and investable innovations in these areas. They are particularly interested in proposals which will help you:
● Develop both your idea and your business.
● Create a new revenue stream.
● Evidence and enable your market, funding and commercialisation plans.
● Show what’s feasible, helping you decide whether to pursue your idea further.
● Catalyse further innovation on your path to commercial success.
● Respond to changing market conditions.
The competition closes on Tuesday 26 July 2022 11:00am.
Innovate UK Smart Grants
Innovate UK, part of UK Research and Innovation, is investing up to £25 million in game-changing, and world-leading ideas, designed for swift, successful commercialisation. Ideas need to be genuinely new and novel, not just disruptive within their sector. The competition closes on 27 July 2022.
Your proposal must be business focused, with deliverable, realistic and adequately resourced plans to achieve a 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
● Media
Your project must:
● Start by 1 January 2023.
● End by 31 December 2025.
● Include at least one micro, small or medium-sized enterprise (SME) as the lead or a collaborative grant claiming partner.
● Carry out all its project work in the UK.
● Intend to exploit the results from or in the UK.