R&D funding competition opened
Innovate UK has £15 million to invest in innovative research and development projects in an open competition targeted at a whole range of technology, engineering and industrial areas.
The expectation is that projects will range from £25,000 to £1 million and will last from 6 months to 36 months. The level of support a business can receive ranges from 25% and 100% (depending on the size and type of project applied for).
Proposals can be drawn from any area including the four key sectors of manufacturing and materials, emerging and enabling technologies, health and life sciences, and infrastructure systems.
Projects must demonstrate (a) innovation leading to new products, processes or services (b) a clear and anticipated growth impact leading to a significant return on investment.
Companies of any size can enter and collaborative research is accepted.
Deadline for registration is 31st August 2016.