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News & Press: July 2018

Act now to get your share of £20 million from Innovate UK

26 July 2018  
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As an innovative cutting-edge motorsport business, act now to get your share of £20million from Innovate UK.

· Innovative UK SME companies can now apply for a share of up to £20 million to deliver cutting edge, game changing or disruptive innovations – competition for this funding closes on 12 September 2018, so no time to waste!

· Funding is available for projects either with a duration of between 6 and 18 months and a total cost between £25,000 and £500,000 or alternatively, projects with a duration of between 19 and 36 months with a total cost between £25,000 and £2 million.

The projects can focus on feasibility studies (including market research), industrial research, experimental technology development or prototype testing and on to development stages up to (but not including) commercialisation.

Your proposal needs to demonstrate an innovative idea that is clearly game-changing and/or disruptive which leads to new products, processes or services. The idea should be significantly ahead of others in the field, and set for rapid commercialisation

Proposals must be business focused (rather than being pure research) and 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.

Here are all the details to get you started…https://apply-for-innovation-funding.service.gov.uk/competition/188/overview