Innovate UK Transformative Technologies UK registered small and micro businesses can apply for a share of up to £20 million for affordable, adoptable and investable innovations in transformative technologies. Eligibility This competition is open to single applicants only. To lead a project your organisation must: be a UK registered micro or small business not have previously been awarded funding from Innovate UK carry out its project work in the UK intend to exploit the project outcomes from the UK for domestic or global benefit Open now Opened: 20 February 2023 Closes: 29 March 2023
Programme: Innovate Uk
Opens: 20 February 2023
Closes: 29 March 2023
The aim of this competition is to provide a package of targeted support to enable ambitious UK registered micro and small businesses in transformative technologies to reach their potential.
Innovate UK is offering UK registered small and micro businesses a share of up to £20 million in grants. In addition to the grant support, you will be offered tailored business support delivered by Innovate UK EDGE.
Your innovation must lead to new products, processes or services that are significantly ahead of others currently available, or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model.
You must focus on one of the transformative technologies and how you can enable affordable, adoptable and investable innovations for:
In applying to this competition, you are entering into a competitive process. This competition closes at 11am UK time on the deadline stated.
Innovate UK manages many competitions, and each will have different eligibility and scope requirements. The guidance in this competition brief will always supersede any other guidance. If you are unsure or have any questions, please contact our Customer Support Service who will assist you further.
Your project’s total costs and grant request must be between £25,000 and £50,000.
Your project must:
You must only include eligible project costs in your application. If you exceed the total project costs of £50,000 you will be ineligible and your application will not be sent for assessment.
You will be made ineligible if you exceed the Minimal Financial Assistance limit. You must submit a complete declaration as part of your application.
Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian or Belarusian entity as lead or subcontractor. This includes any goods or services originating from a Russian or Belarusian source.
To lead a project your organisation must be a UK registered micro or small business.
If your business has been funded by Innovate UK previously, you are not eligible to apply for this competition.
Businesses with directors who have previously received a grant or Innovation Loan from Innovate UK as part of a different company, are eligible to apply but will be considered on a case by case basis.
A business with a previous award to a parent or subsidiary would also be eligible to apply, but the parent company must be classified as a micro or small business. Applications will be considered on a case by case basis.
If you are unsure, contact our customer support team by email at least 10 working days before the submission deadline.
Innovate UK has allocated up to £20 million to fund innovation projects in this competition.
Each eligible business can apply for a grant of between £25,000 and £50,000.
You can claim 100% of your eligible project costs up to the maximum of £50,000.
We will aim to pay:
For more information on company sizes, please refer to the Company accounts guidance.If you are applying for an award funded under European Commission Regulations, the definitions are set out in the European Commission Recommendation of 6 May 2003.