Innovate UK invest £15 million in R&D: Funding Competition

Innovate UK are investing £15million into innovative R&D Projects. This investment is to aid the development of new products, processes and services with commercial potential. It is also designed to enhance UK competitiveness, growth and to improve national productivity. 

Innovate UK are looking for leading business ideas and concepts in technology, engineering and industrial areas. Innovate UK are looking for potential projects which are disruptive and show cutting edge innovation. The Business can be small, medium sized enterprises and large companies; they should be able to show ambition and potential growth which focus on;

• Market Research;
• Technical Feasability;
• Industrial Research;
• Experimental Development. 

The projects can last between 3-36 months and have a project cost from £25,000 to £1million. Candidates can apply to two streams.

• Stream 1: Under a 12 month project and under £100,000;
• Stream 2: Over 12 month projects and over £100,000.

Timelines for the project are as follows:

More information can be found on the Innovate UK website.

Opportunities like the above and others, will be discussed during the R&I Hub Networking Lunch at the UK AD and Biogas event on the 6th & 7th July 2016. Click here to book your place and to view the programme.