Innovate UK is investing up to £15 million in innovation projects that inspire and stimulate the products and services of tomorrow.
The aim of this competition is to help UK businesses broaden their innovation activities, disrupt existing markets and find new revenue sources. It should support the competitiveness of small and medium-sized enterprises (SMEs), as well as large companies.
Grants can be awarded to projects led by a UK-based business of any size. In certain circumstances a research and technology organisation (RTO) may also be eligible to lead.
Greentech South members could benefit from the "Energy Harvesting" projects that will be funded.
An SME can apply on its own for funding up to £100,000. All consortia must involve at least one SME.
Projects to last from 6 months to 3 years and range in size from total project costs of £35,000 to £2 million.
An organisation may only lead on 1 project, but they could be a partner in 2 further projects.
Our April workshop will include a focus on this fund. Dates to follow.