EUREKA GlobalStars Singapore CRD – Round 2
EUREKA, in partnership with Enterprise Singapore, announce a GlobalStars funding competition for research and development (R&D) projects under the EUREKA programme.
Under this initiative, Innovate UK, part of UK Research and Innovation, is investing up to £1 million to fund collaborative research and development (CR&D) projects focused on industrial research.
This competition has an open scope, the projects we fund are expected to result in a new product, industrial process or service, be innovative, involve a technological risk, and have high market potential in the participating countries.
Projects funded by Innovate UK must include at least one partner from the UK and one partner from Singapore. Projects can include additional partners from other participating EUREKA participating members – see the funding page for a complete list.
Your project must:
- start between 1 April 2021 and 30 June 2021
- last up to 24 months
To lead a project your organisation must:
- be a UK registered business, of any size
- involve at least one UK registered SME
- collaborate with a Singapore registered business, which must be a separate non-linked legal entity to the UK partners
The aim of this competition is to support innovative proposals developed between the UK, Singapore and other EUREKA participating members.
We will fund a portfolio of projects, across a variety of technologies, markets, technological maturities and research categories.
Your collaborative R&D proposal must demonstrate:
- a clear game-changing and/or disruptive innovative idea leading to new products, processes or services
- a strong and deliverable business plan that addresses (and documents) market potential and needs
- sound, practical financial plans and timelines
- good value for money which will always be a consideration in Innovate UK funding decisions
- a clear, evidence-based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion
- clear, considerable potential to significantly benefit the UK economy and/or national productivity
- the benefit of participants from the countries working together and how this adds value
- a clear definitions of where intellectual property (IP) can be used and shared between the participants and countries
- a clear route to market within 2 to 3 years of project completion
Innovate UK reserves the right to apply a ‘portfolio’ approach for the selection of projects in this competition. This will be aligned with the priorities of participating EUREKA members.
An online briefing event was held on 23rd June: view the recording here.