Faraday Battery Challenge Round 5 Innovation: Feasibility Studies UK registered businesses can apply for a share of up to £25 million across two strands, for innovation in propulsion battery technologies for electric vehicles. Eligibility This competition is open to collaborations only. To lead a project your organisation must be a UK registered business of any size You must involve at least one micro, small or medium-sized enterprise (SME). Open now Opened: 23 May 2022 Closes: 17 August 2022
Programme: Innovate Uk
Innovate UK, part of UK Research and Innovation, will invest up to £25 million in innovation projects across the two strands of this competition. This funding is from the Faraday Battery Challenge (FBC).
The aim of this competition is to:
This competition is split into 2 strands:
Your proposal must clearly show how this feasibility study has the potential to accelerate the development of technologies or business practices which could significantly advance the performance characteristics of batteries for electric vehicles.
It is your responsibility to ensure that you are entering the appropriate strand of the competition for your project.
You will not be able to transfer your application to the other strand, it will not be sent for assessment if it is out of scope.In applying to this competition, you are entering into a competitive process. This competition closes at 11am UK time on the deadline stated.
Your total project costs must be between £100,000 and £750,000.
Your project must:
You must only include eligible project costs in your application.
Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian source.
To lead a project your organisation must:
Academic institutions, RTOs, charities, not for profit or public sector organisations cannot lead or work alone.
To collaborate with the lead, your organisation must be one of the following UK registered:
Each partner organisation must be invited into the Innovation Funding Service by the lead to collaborate on a project. Once accepted, partners will be asked to login or to create an account and enter their own project costs into the Innovation Funding Service.
The lead and at least one other organisation must claim funding by entering their costs during the application.
Your project can include partners that do not receive any of this competition’s funding, for example non-UK businesses. Their costs will count towards the total project costs.
Up to £2 million has been allocated for this feasibility studies strand.
We reserve the right to take a portfolio approach for funding across the two strands.
Funding will be in the form of a grant.
If the majority of your organisation’s work on the project is commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically.
For feasibility studies, you could get funding for your eligible project costs of:
If you are applying for an award funded under State aid Regulations, the definitions are set out in the European Commission Recommendation of 6 May 2003.