Innovate UK is to invest up to £2m in feasibility studies to stimulate innovation across four enabling technology areas: advanced materials; biosciences; electronics, sensors and photonics; and information and communications.
We are seeking proposals that will kick-start the delivery of genuinely new products and services, with substantial and scalable commercial potential.
The aim of this competition is to ensure that small and micro businesses in the UK are equipped to respond to market opportunities across a range of economic sectors.
Projects must be business-led and are open to small or micro companies only, working either singly or in collaboration with one other small or micro company. We expect to fund feasibility studies conducting pre-industrial research, in which a business partner will generally attract up to 75% public funding for their project costs.
We expect projects to last up to four months and total project costs must not exceed £33k.
This competition opens on 10 November 2014 and the deadline for applications is at noon on 21 January 2015. A briefing day for potential applicants will be held in London on 25 November 2014.
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