Innovate UK is to invest up to £15 million in innovative R&D projects. These projects are designed to help businesses develop new products, processes and services with commercial potential. The aim is to enhance UK competitiveness, growth and improve national productivity.
The competition is open to the best business-led ideas or concepts. These can be drawn from any technology, engineering or industrial area, including Innovate UK’s 4 priority sectors for growth.
Projects may focus on:
- feasibility studies which may include a proof of market
- industrial research
- experimental development
The competition opened on 6 June 2016. To apply you must register before noon on 31 August 2016 and the deadline for applications is at noon on 7 September 2016.
For further information visit the website:
https://www.gov.uk/government/publications/innovate-uk-open-funding-competition