£1M grant for cutting edge innovations
The competition is open to the best business-led cutting-edge or disruptive ideas or concepts from any technology, with a view to commercialisation. They must demonstrate cutting-edge, game-changing or disruptive innovation leading to novel, new products, processes or services.
Funding Body Innovate UK
Funding Amount Up to £1M grant
Deadline 9th August 2017.
These can be drawn from any technology and applied to any part of the economy. This area can be one that fits into, or be outside of, any one or more of Innovate UK’s 4 priority sectors for growth.
To be in scope, a proposal must:
demonstrate cutting-edge, game-changing or disruptive innovation leading to novel, new products, processes or services
articulate a clear, anticipated growth and commercialisation impact for businesses with considerable, demonstrable potential (as you would set out in a pitch to any serious investor) to lead to a significant return on investment (ROI)
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 research and development (R&D) to be undertaken. It is important to note that any project with total costs outside this range will be deemed out of scope and ineligible.
An applicant can only submit one project application per competition round. If more than one application per round is submitted, only the first application will be considered for assessment.
To lead a project you must:
- be a UK-based business
- be a business of any size
- carry out your project in the UK
- work alone or in collaboration with others (businesses, research base and third sector)