News story

Inspiring new products and services: apply for business funding

UK businesses can apply for a share of up to £25 million to work on innovative technologies, future products and services.

Female tourist uses a smart city gadget to get direction in Barcelona

Innovate UK has up to £25 million to invest in emerging and enabling technologies that could support UK economic growth in the future.

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

The aim is to support technologies that have the potential to transform commercial markets or that could make a difference to UK economic growth across many different sectors.

Up to £15 million of the funding has been set aside for research and development projects. A further £10 million is for Knowledge Transfer Partnerships.

Competition information

  • the competition opens on 4 September 2017, and the deadline for applications is midday on 8 November 2017
  • research and development projects:
    • must involve at least one SME, working alone or in collaboration
    • must involve at least 2 partners working together if project costs are more than £100,000
    • can vary in size between £35,000 and £2 million and last between 3 months and 3 years
  • businesses can attract up to 70% of their total project costs
  • funding is available for Knowledge Transfer Partnerships, which link a business with an academic or research organisation and a qualified graduate
  • briefing events take place across the UK during September
Published 31 August 2017