UK news

Cutting-edge technology innovation: apply for business funding

Innovate UK has up to £15 million for game-changing, cutting-edge or disruptive innovation projects that leads to new products, processes or services. This funding is part of a regular series of open competitions that support good ideas with market potential, no matter where they come from. Projects can come from any technology, science, engineering or industrial area. They can fit in with any of Innovate UK’s priority sectors – emerging and enabling technologies, health and life sciences, infrastructure systems, and manufacturing and materials – or be outside. Funding is available for a wide range of projects, from feasibility studies to experimental development that is closer to market. The competition is now open and the deadline for registration is 9th August 2017. More information can be found here.

Offshore Wind Innovation Hub website launched

The Offshore Wind Innovation Hub, designed to coordinate UK offshore wind innovation, launched its new website on 11th May. The website includes an evidence-based identification of UK offshore wind innovation priorities, supply chain growth opportunities and a comprehensive view of the funding landscape. The Hub, and its first programme the Offshore Wind Innovation Exchange, is backed by the Department for Business, Energy and Industrial Strategy and delivered jointly by the Offshore Renewable Energy Catapult and Innovate UK’s Knowledge Transfer Network. The website can be accessed here.

Energy Catalyst Round 5 open

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 deadline for registration is midday (BST) on 21st June 2017 and the application deadline is midday (BST) on 28th June 2017. Details of the competition can be found here.

Shanghai-UK industrial challenge programme

UK businesses can apply for a share of £5 million for projects with partners from Shanghai municipality, People’s Republic of China. Innovate UK and the Science and Technology Commission Department of Shanghai Municipality, will both invest in collaborative research and development (R&D) projects. Up to £5 million is available for UK partners from Innovate UK. The Science and Technology Commission Department of Shanghai Municipality will allocate funding for R&D performing Shanghai-registered companies.

The aim of this competition is to stimulate economic growth in China and the UK through projects in one of the following two areas:

There is particular interest in the areas of healthcare and life sciences, advanced manufacturing and energy/green technology. Projects should lead to a significant return on investment and have a clear and anticipated impact on business growth The programme is expected to fund around ten projects across the two areas. Projects should last up to 36 months. The deadline for registration is midday (BST) on 21st June 2017 and the application deadline is midday (BST) on 28th June 2017. More information can be found here.

Jiangsu-UK industrial challenge programme

UK businesses can apply for a share of £5 million to carry out projects with partners from Jiangsu province, People’s Republic of China. Innovate UK and Jiangsu Science and Technology Department will both invest in collaborative research and development (R&D) projects. Up to £5 million is available for UK partners from Innovate UK. Jiangsu Science and Technology Department will allocate funding for Jiangsu partners.

The aim of this competition is to stimulate economic growth in China and the UK through projects in one of the following areas:

The programme is expected to fund around ten to 15 projects across the two areas. Projects should last up to 24 months. The deadline for registration is midday (BST) on 21st June 2017 and the application deadline is midday (BST) on 28th June 2017. More information can be found here.

Accelerating innovation with public and private investment

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 opened on 8th May 2017, and the deadline for registration is 28th June 2017. More details can be found here.