UK businesses can apply for a share of up to £19 million to deliver game changing or disruptive innovations with significant potential for impact on the UK economy.
This competition is open to the best business-led cutting-edge or disruptive ideas or concepts, with a view to commercialisation.
These can come from any technology (including arts, design, media or creative industries) and apply to any part of the economy.
They can fit into, or be outside of, any one or more of Innovate UK’s 4 priority sectors for growth.
Knowledge Transfer Partnership (KTPs) applications are welcome. There is a further £14 million of funding available for KTP applications.
This competition is aiming to support ideas that demonstrate;
a clear game-changing and/or disruptive innovativion that is significantly ahead of others in the field
a strong and deliverable business plan
a team with the necessary skills and experience to run and complete the project successfully
awareness of the key risks the project will face
sound, practical financial plans and timelines that represent good value for money
a clear, evidence based plan to deliver significant economic impact and a strong ROI
Priority will be given to proposals that are likely to lead to sustainable gains in productivity or access to new overseas markets through export led business growth.
…and how you can seize it
If you have the idea and believe your solution fits the bill, you’re invited to apply for a slice of the funds. Your application will be split into three sections, covering project details, applications questions and finance information.
Don’t panic – we’ve got you!
If we’ve piqued your interest but it sounds like a lot of hassle, or you’re keen to apply but are unsure of where to begin, don’t worry; that’s what we’re here for.
Innovation Point was built to help companies like yours find and secure opportunities just like this, and it doesn’t stop there. We’re able to support you throughout the proposal, be it project management, bid development support, pitch training, or just about anything else. Just ask!