Emerging and Enabling: round 3
Innovate UK will invest up to £25 million in innovation projects that inspire new products and services.
The aim of this competition is to help UK businesses broaden their innovation activities, disrupt existing markets and find new revenue sources.
Projects must show significant innovation in one of our priority areas, which are:
Projects will range in size from total project costs of £35,000 to £2 million. Projects must last between 3 months and 3 years.
There is funding available of up to:
£5 million for projects that have eligible costs of up to £100,000 and last between 3 and 12 months
£10 million for projects that have eligible costs of up to £2 million and last between 1 and 3 years
£10 million for Knowledge Transfer Partnerships (KTPs)
To be eligible for funding you must:
- be a UK based business, academic or research and technology organisation (RTO)
- carry out your project work in the UK
- intend to exploit the results from the UK
All projects must involve an SME, and only an SME can lead projects below £100,000. For more details click here.