News story

Commercialisation of quantum technologies: apply for funding

Businesses could win a share of £19.5 million to develop quantum technology prototypes or establish technical or market feasibility.

Businesses could win a share of £19.5 million to develop quantum technology prototypes or establish technical or market feasibility.

Innovate UK and the Engineering and Physical Sciences Research Council (EPSRC) are inviting business to apply for a share of £19.5 million.

The aim of this competition is to encourage collaborative R&D projects and feasibility studies that will either:

  • develop prototype devices and demonstrators of quantum technologies or their component technologies
  • improve the understanding of the technical, business or market challenges of taking a new device or service to market

Feasibility studies can range in size from total costs of £50,000 to £400,000. They should last between 6 months and 1 year.

Collaborative R&D projects can range in size from total costs of £500,000 to £2 million. They should last up to 2 years and must be completed by 31 March 2019.

Quantum technologies is a new and exciting £1 billion sector which we predict will grow over the next decade. This competition is part of the government’s £270 million investment in establishing the UK as a global leader in this large and promising future industry.

Competition information

There will be extra events in Birmingham and York in September. There will also be a webinar briefing on 6 September. We will publish links to these on the competition notice page when more information is available.

Published 7 July 2016