Everything you must know about Innovation Funds in the UK.

Did you know that between 2020 and 2021, UKRI has funded ￡3.1 billion in Grants, of which ￡885 million was funded through Innovate UK - for companies conducting Research and Innovation?

Funds are currently available for organizations that wish to tackle key challenges in their respective fields (Science, Engineering & Software) to devise viable and sustainable solutions.

Here is a short, but useful guide, to help you get started!

UKRI - Innovate UK:

The UK grant funding landscape is diversified, and there are schemes available from the UK Government for innovative projects and companies of all shapes, sizes, and sectors.

Smart Grants:

UK registered organizations can apply for a share of up to ￡25 million for game-changing and commercially viable research and development (R&D) innovation that can significantly impact the UK economy.

Eligibility:

• Must be a UK registered business or ?UK registered Research and Technology Organisation (RTO)
• Carry out all your research and development (R&D) project activity in the UK
• Intend to commercially exploit the project results from the UK
• Be or involve at least one micro, small or medium-sized enterprise (SME).

Please get in touch with us here to discuss grants and other forms of innovation funding!