Granted Consultancy Ltd

Specialists in securing grant funding

The team at Granted Consultancy share a common desire to make projects happen. We achieve this by identifying opportunities, understanding the barriers to success and helping our clients on the journey to realising their projects.

Innovate UK – Open Funding Competition

- INNOVATE UK - OPEN FUNDING COMPETITION -


GRANT SUMMARY

KEY DRIVER: Supporting high quality innovation from any company, in any area of the UK economy.

KEY INFO

Opens                               Now  
Funding Body                 Innovate UK
Funding Amount           £25k - £1m
Next Deadline                Q1, 2017                            

 

BACKGROUND

The competition is open to the best business-led ideas or concepts. These can be drawn from any technology, engineering or industrial area, including Innovate UK’s 4 priority sectors for growth.

To be in scope, a proposal must:

  • Demonstrate innovation leading to novel, new products, processes or services
  • Articulate a clear and anticipated growth impact for the business(s) leading to a significant return on investment (ROI)


Click below to view this Grant Alert as a Video:

Priority will be given to proposals that are likely to lead to sustainable gains in productivity and/or access to new overseas markets through export led business growth.

Stream 1:

Projects under 12 months in length and under £100k in grant funding, with a £5m fund for this call.

Stream 2:

Over 12 months in length and over £100k in grant funding, with a £10m total fund for this call.

 

FUND USE

The open programme supports high quality innovation from any company, in any area of the UK economy. This will run twice a year and there is the opportunity for a re-submission based on funder feedback.

Projects can focus on:

  • Feasibility studies which may include a proof of market
  • Industrial research
  • Experimental development depending on the challenge identified and proposed solution

Percentage of project costs that can be claimed as grant for different types of research and companies:


Applicant business size

Feasibility studies/Proof of market

Industrial research

Experimental development

Micro/small

Medium

Large

70%

60%

50%

70%

60%

50%

45%

35%

25%


Projects may last between 6 and 36 months. Total eligible project costs should range from £25,000 to £1 million depending on the type of R&D to be undertaken.

An applicant can only submit one project application per competition round. If more than one application per category is submitted in a round, only the first application will be considered for assessment.

 

FUND CRITERIA

Innovate UK competitions require all projects to be led by a business. Other types of organisation can apply in collaboration with a business partner. Intervention rates depend on the size of the business and project role.

Innovate UK will not fund proposals that:

  • Do not address the competition scope above
  • Do not identify the size and potential market the innovation might address (with the exception of proof of market research projects)
  • Cannot present evidence that their idea or concept has the potential to lead to significant ROI, growth and scale-up of the business

 

Discover if you're eligible:


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