Innovate UK makes £25m available for technologies
By Martin GreenlandInnovate UK has announced that it has up to £25m of funds available to invest in emerging and enabling technologies that could support UK economic growth in the future
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UK businesses can apply for a share of the funding to work on innovative technologies, future products and services.
Funded projects can be carried out in a range of areas including:
- emerging technologies such as biofilms, energy harvesting, graphene and imaging
- digital technologies
- electronics sensors and photonics
- robotics and autonomous systems
- creative economy and design
- space applications
Innovate UK aims to support technologies that have the potential to help transform commercial markets or make a difference to UK economic growth across many different sectors.
Up to £15m of the funding will be used for research and development projects, with a further £10m used for Knowledge Transfer Partnerships (which link a business with an academic or research organisation and a qualified graduate).
The competition officially opens on 4th September 2017 with the deadline for applications at midday on 8th November 2017.
Research and development projects must involve at least one SME – working alone or in collaboration – and at least two partners working together if project costs are more than £100,000.
Projects can range in size between £35,000 and £2m and last between three months and three years.
Keywords: Business loan, business funding, business finance, business lending, Innovate UK, investment fund, government investment fund, government funding, UK economic growth, digital technology, electronics sensors, electronic photonics