Innovate UK is to invest up to £15 million in innovation projects in manufacturing and/or materials. These projects will focus on identified technical or commercial challenges. We will fund projects that aim to lead to increased UK SME productivity, competitiveness and growth.
Projects need to be led by a business and must involve at least one SME. They can be carried out by an SME working alone or in collaboration with other organisations. Projects with costs of £100,000 or more must involve working with other partners
We are looking for projects which focus on any of the technical feasibility, industrial research or experimental development research categories.
Projects should last between 6 months and 3 years. They should range from total costs of £50,000 to £2 million.
The aim of this competition is to stimulate and broaden innovation in manufacturing and materials. Innovate UK will fund a range of projects that address technical or commercial challenges in this scope. These aim to lead to increased business productivity, competitiveness and growth, especially for SMEs. A project may focus on technical feasibility, industrial research or experimental development. The type of innovation project will depend on the nature of the challenge facing your business.
Source: INNOVATE UK