Dates:
- Competition closes: 28 August 2024, 11am
- Applicants notified: 3 January 2025
- Project start date & duration: by 1 April 2025, 24-36 months
Scope
Projects must demonstrate:
- a clear game changing or disruptive innovative idea leading to new products, processes or services
- a strong and deliverable business plan that addresses and documents market potential and needs
- sound, practical financial plans and timelines
- good value for money, which will always be a consideration in Innovate UK funding decisions
- a clear, evidence-based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion
- clear, considerable potential to significantly benefit the UK economy or national productivity
- the benefits of participants from the countries working together and how this adds value
- a clear definition of where intellectual property (IP) can be used and shared between the participants and countries
- a clear route to market within 2 to 3 years of project completion
Whilst the competition is open-ended, applications from the following sectors are particularly welcome:
- Advanced manufacturing and materials
- Agrifood tech
- Mobility and transport
- Cybersecurity
- Health and life sciences
Eligibility
- Subsidy Control and EC State Aid funding rules apply.
- Leads must be UK registered business of any size. Projects must be collaborative and include at least one Singapore registered business, which must be a separate legal entity, not linked to the UK partners. UK collaborators can be businesses of any size, academic institutions or RTOs.
- Singapore partners must submit a parallel application through Enterprise Singapore.
- UK project partners must carry out the majority of their project work in the UK and intend to exploit the results from or in the UK.
- Subcontractors are allowed, but must be UK based and contribute to <20% of total eligible costs of UK participation.
Funding Rates
- UK partner maximum grant funding request of £750K.
|
Project maturity (up to but not including commercialisation) |
|
|
Organisation size |
Industrial Research (TRL2-5) |
|
Micro/small business |
<70% |
|
Medium sized business |
<60% |
|
Large business |
<50% |
Research organisations in your consortium can share up to 30% of the UK total eligible project costs.
How PNO can support you
The UK team has a strong track record in securing some of the most competitive national and European grants on behalf of its clients, with a full understanding of how a project should be presented to stand the highest chance of success. Each year in the UK alone, we are responsible for the submission of more than 100 funding applications across all sectors and priority areas. Based on this extensive experience, through careful project selection and using key insight into how a project should be best positioned, we consistently achieve success rates that are more than 5 times the typical success rates for UK national schemes and EU programmes.
