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News & Press: May 2020

Knowledge Transfer Network funding competition: driving the electric revolution

15 May 2020  

Funding competition: Save the date

Driving the Electric Revolution’s third funding competition will launch on 15th June 2020, closing at noon 29th July 2020*. Due to the COVID-19 pandemic Knowledge Transfer Network have listened to stakeholders and revised the format of the competition as a result.
  
The aim of this competition is to facilitate UK supply chain and manufacturing capability growth in power electronics, machines and drives to enable future improvements in productivity, capacity, quality or efficiency. Circular economy and recycling activities are also in scope.
  
They shall be looking to fund short, high impact, collaborative research and development projects that can demonstrate a clear return on investment. Projects can be up to 9 months in duration and up to £500,000 in total eligible costs. Total funding available for this competition will be up to £5million.
  
This is not for proof of concept or feasibility studies and we will not fund product development.
  
The competition will only be open for a short window, opening on 15th June 2020 and closing noon, 29th July 2020. The official brief will not be published online until the end of May.
 
Please join the Knowledge Transfer Network next Thursday 21st May to "Engage with...Driving the Electric Revolution: Funding Competition: scope, preview and support", where the challenge team members from both Innovate UK and KTN will give you a sneak preview of the expected competition scope and eligibility criteria* and understand what mechanisms are available to you to build your project and write your proposal.
 
*Dates and content subject to change up to and including the publishing of the official competition brief