Businesses can apply for a share of up to £15 million to develop novel products and services, or a further £10 million to work on projects with graduates.
Innovate UK has up to £15 million to invest in great ideas for new innovations in a range of technology and business areas. Projects must work on disruptive ideas that could lead to new products, processes or services that are significantly ahead of others in the field. They can range from short feasibility studies to longer industrial research or experimental development projects. There must be a potential for commercialisation or economic impact.
Businesses also have the opportunity to apply for a share of a further £10 million for Knowledge Transfer Partnerships (KTPs). KTPs allow businesses to benefit from a partnership with an academic institution and a recent graduate with relevant expertise to work on a specific innovation project. The deadline to apply is the same, but the application process is different.
The competition opens on 1 March 2018 and the deadline for applications is 9 May 2018.
For more information please visit the GOV.UK website.
