Details for the Innovate UK Open Programme are out now. 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.
This competition is open to businesses of ALL sizes in ANY industry sector.
To be in scope the project must:
· Demonstrate innovation leading to novel, new products, processes or services
· Articulate a clear and anticipated growth impact for the business(s) leading to a significant return on investment (ROI)
Priority will be given to proposals that are likely to lead to sustainable gains in productivity and/or access to new overseas markets through export led business growth.
Am I eligible to apply? To apply for funding you must: ·
be a UK based business ·
be a business of any size ·
carry out your project in the UK ·
work alone or in collaboration with others (businesses,
research base and third sector) Project types and funding rates ·
Market Research  100% funded for SME and large companies ·
Feasibility Studies  70% micro/small companies, 60% medium
and 50% large ·
Industrial Research - 70% micro/small companies, 60% medium
and 50% large ·
Experimental Development  45% micro/small companies, 35%
medium, 25% large Total eligible project costs should range between £25k and £1m
depending on project type.
Key Dates
· Competition opens  6th June 2016
· Briefing event webinar  14th June 2016
· Registration deadline  31st August 2016
