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IUK Open Funding Competition

09 June 2016

IUK Open Funding Competition

Fund ID: S42507
Status: Open for Applications
Last updated: 07/06/2016
Reason for last update: Launch of new programme with a deadline for registrations of noon on 31 August 2016.
Innovate UK is investing up to £15 million in innovative R&D projects. The competition is open to all UK companies.
Further Information
Funding body: Innovate UK (IUK)
Maximum value: Discretionary
Application deadline: 31/08/2016
Background
Innovate UK is the UKs innovation agency and it works with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy delivering productivity, new jobs and exports. Its aim is to keep the UK globally competitive in the race for future prosperity.
Innovate UK is now structured around four sector groups:
Emerging and enabling technologies
Health and life sciences
Infrastructure systems
Manufacturing and materials

Objectives of Fund
Innovate UK (IUK) is investing up to £15 million in innovative R&D projects that are designed to help businesses develop new products, processes and services with commercial potential. The aim is to enhance UK competitiveness, growth and improve national productivity.

The Open Funding Competition has been launched to support the best business-led ideas or concepts. These can be drawn from any technology, engineering or industrial area, including Innovate UKs 4 priority sectors for growth.
To be in scope, a proposal must:
demonstrate innovation leading to novel, new products, processes or services; and
articulate a clear and anticipated growth impact for the business(s) leading to a significant return on investment (ROI).
Projects should demonstrate disruptive, cutting-edge innovations and businesses should demonstrate ambition and potential for growth. Priority will be given to proposals that are likely to lead to sustainable gains in productivity and/or access to new overseas markets through export led business growth.
Value Notes
The programme has a total budget of £15 million. IUK expects projects to last 6 to 36 months. They can range in size from total eligible project costs of £25,000 up to £1 million, depending on the type of project.
There are two options to apply to this competition, dependent on the size and length of the project. These options are called streams, as described below:
Stream 1: Projects with eligible costs of up to £100,000 and 12 months or less in duration. There is up to £5 million of funding available for these types of project.
Stream 2: Projects with eligible costs of up to £1 million and between 12 and 36 months in duration. There is up to £10 million of funding available for these types of project.
Percentage of project costs that can be claimed as grant for different types of research and companies:
Applicant business size Market/fundamental research Feasibility studies Industrial research Experimental development
Micro/small 100% 70% 70% 45%
Medium 100% 60% 60% 35%
Large 100% 50% 50% 25%
Match Funding Restrictions
The remainder of necessary project costs must be secured through alternative sources.
Who Can Apply
The competition will be open to both small and medium-sized enterprises and large companies based in and carrying out a project in the UK. They can work individually or collaboratively.
Research organisations can participate in projects as collaborators. The level of total research participation is set at a maximum of 30% of total eligible project costs.
Location
United Kingdom
Terms and Conditions
Projects may last between 6 and 36 months. Total eligible project costs should range from £25,000 to £1 million depending on the type of R&D to be undertaken.
An applicant can only submit one project application per competition round. If more than one application per category is submitted in a round, only the first application will be considered for assessment.
External, independent experts assess the quality of each application. IUK then select the projects that it will fund, to build a portfolio of projects that:
are high quality;
reflect a range as described in the scope and spread of short (up to 12 months), medium (up to 24 months) and long (up to 36 months) project duration that fits the funding available;
address opportunities across a range of industrial sectors, technologies, themes and priorities;
demonstrate sufficient innovation, potential return on investment and degree of technical risk;
demonstrate value for money. Include the potential impact of the project relative to its cost, and the cost of other projects under consideration.
Restrictions
IUK will not fund proposals that:
do not address the competition scope above;
do not identify the size and potential market the innovation might address (with the exception of market research projects);
cannot present evidence that their idea or concept has the potential to lead to significant ROI, growth and scale-up of the business.
Eligible Expenditure
Successful applicants can attract grant funding towards their eligible innovation project costs. The funding is to be used towards research and development projects that tackle technical challenges.
Projects can focus on:
Market research.
Technical feasibility.
Industrial research.
 Experimental development depending on the challenge identified and proposed solution.
How To Apply
Dates and deadlines:
Competition opens 6 June 2016
Briefing event for applicants webinar 2-4 pm 14 June 2016
Registration deadline noon 31 August 2016
Application deadline noon 7 September 2016
Frequency: Unspecified.
Link to guidelines:
https://www.gov.uk/government/publications/innovate-uk-open-funding-competition
Useful information:
Further advice and assistance with submitting an application may be sought directly from IUK.
Useful documents & links
Scheme - Application Form
Application Page
Scheme - Extended Description
   Competition Brief
Scheme - Guidance Document
   Link to Guidelines
Useful Links
   IUK Open Funding Competition
Addresses and contacts
For further information on how to obtain this grant locally, please contact the following:
1. Enquiries
Innovate UK (IUK)
North Star House
North Star Avenue
Swindon
SN2 1UE
Tel: 0300 321 4357
Email: support@innovateuk.gov.uk
Related calls and deadlines
2016 Registrations Deadline
Application start date: 06/06/2016
Application end date: 31/08/2016

For more information please contact Chris Gibbs at The Growth Hub chris.gibbs@thegrowthhub.biz

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