Innovate UK has up to £15 million to support the best business-led and innovative ideas for new products, processes and services.
Ideas can come from any technology, engineering or industrial area. They can fit in with Innovate UK’s 4 priority sectors for growth – emerging and enabling technologies, health and life sciences, infastructure systems, and manufacturing and materials – or be outside them.
Proposals must be transformational or disruptive innovation and must have a clear commercial impact and potential for return on investment.
Projects that are likely to lead to a sustainable growth in productivity or access to new overseas markets will be given priority.
This competition is the second of 2 annual Innovate UK open competitions that support good ideas with market potential from any technology area.