The Department for International Development, the Department for Business, Energy & Industrial Strategy and the Engineering and Physical Sciences Research Council are to invest up to £13 million in innovation projects to address the global need for clean, affordable and secure energy. The aim of the Energy Catalyst competition is to support highly innovative, market-focused energy solutions in any technology or sector or international market. Proposals must address all 3 elements of the energy trilemma: cost, emissions, and security of supply. The competition is expected to open on 24th April 2017. Brokerage events are taking place in London (26th April), Birmingham (3rd May) and Glasgow (9th May). Details of the competition will be published on the Innovate UK website here.
Organisations can apply for up to £47,000 to develop advanced control systems for cost-effective wave energy generation technology. This funding Call is for feasibility study proposals. It is the first of three stages in the Wave Energy Scotland (WES) control systems programme. Up to 100% of project costs are available via a research and development contract. WES will invest further funding in successful projects which progress to design, development and demonstration stages. The deadline for applications is at midday on 12th June 2017. More details including of a brokerage event on 12th May in Edinburgh can be found here.
The investment accelerator pilot by Innovate UK will provide UK companies with simultaneous grant funding and venture capital investment for early stage projects worth up to £8.5 million. This competition aims to bring private investors into Innovate UK grant-funded companies earlier. It should give applicants greater confidence that investment will continue, remove the need to chase additional investment and match funding, and award direct access to commercial acumen and market opportunities.
There is £3 million of grant funding and £1.25 million of private equity investment for infrastructure systems projects including:
A further £3 million of grant funding and £1.25 million of private equity investment is available for projects related to health and life sciences. This includes:
Innovate UK is looking to fund innovative high-risk projects and invest in companies that have real potential for growth. Single small and medium-sized enterprises can be awarded full project costs up to £150,000 for early stage feasibility studies. The competition opens on 8th May 2017, and the deadline for registration is 28th June 2017. A briefing event will take place on 15th May 2017. More details can be found here.