There’s a month left to apply for grant funding of up to 70% for the best cutting-edge or disruptive ideas, with a view to commercialisation.
A key part of the Industrial Strategy Challenge Fund (ISCF), Innovate UK’s Open competition is designed to overcome barriers to the best cutting edge, game changing innovations becoming a successful commercial reality.
Those innovations will have considerable economic impact, and/or result in significant, sustainable business growth, and projects can range in size from £25,000 to £2m.
In short, they want to stimulate and support innovation, encouraging UK based businesses to get ahead of their worldwide counterparts.
They provide funding for innovation-based enterprises, who demonstrate their readiness to deliver a project leading to new, highly innovative processes, products or services. These can come from any area of technology, science or engineering, including arts, design, media or creative industries, and be applied to any part of the economy.
They can fit into, or be outside of, any one or more of Innovate UK’s Challenge Areas.
There is also the opportunity to apply for a separate, independent competition, Knowledge Transfer Partnerships (KTPs).
The Open competition provides support for businesses to undertake an innovative project and is designed to:
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