Innovate UK is investing up to £15 million in innovative projects that will inspire and stimulate the products and services of tomorrow
The aim of this competition is to help UK businesses broaden their innovation activities, disrupt existing markets and find new revenue sources. Projects led by SMEs are welcome and an SME can apply on its own for funding up to £100,000. All consortia must involve at least one SME.
Projects are expected to last from 6 months to 3 years and range in size from total project costs of £35,000 to £2 million.
There are four priority areas: