Innovate UK (IUK) is the UK’s innovation agency and an executive non-departmental public body sponsored by the Department for Business, Energy & Industrial Strategy (BEIS). It works with people, companies and partner organisations to de-risk, enable and support innovation, and promote UK economic growth.
IUK is investing in projects addressing technical or commercial challenges in health and life sciences. It is hoped that projects arising from this funding will increase competitiveness for UK small and medium-sized enterprises (SMEs).
The aim of this competition is to stimulate innovation in health and life sciences, with projects covering at least one of the following Innovate UK priority areas:
- Increase yield, quality and sustainability in agriculture and food production.
- Improve precision medicine, advanced therapies, preclinical technologies.
- Advance biosciences in healthcare and agriculture and food production.
Proposals should indicate how projects will enable a step change in competitiveness and productivity for at least one UK SME involved in the project.
IUK have made available £15 million to fund innovation projects. This includes £5 million available for projects lasting up to one year, £5 million for projects lasting up to two years and £5 million for projects lasting up to three years.
Funding is offered in two streams dependant on the cost, length and nature of the project. These streams are:
- Stream 1 – Projects with costs of up to £100,000 lasting for up to 12 months.
- Stream 2 – Projects with costs between £100,000 and £2 million, or lasting for longer than 12 months.
For any project, a maximum of 30% of total eligible project costs can be spent by the research organisations involved. Where projects include human clinical trials, a maximum of 50% of total eligible project costs can be spent by the academic or research organisations.
Applicants should register their interest in submitting a proposal by the deadline of noon on 9 November 2016.