Innovate UK has announced a new competitive scheme that takes a place-based approach to research and innovation funding, to support significant regional economic growth.
To be successful, applications must build on existing research and innovation capability and present a valid plan of new research and innovation activities. These should have a demonstrable impact on local economic growth.
Project consortia must be based within the project’s geographical area and have the support of a local civic leadership.
Projects can be led by either a UK based business or a UK publicly funded research organisation.
This first competition stage is an expression of interest (EOI). Consortia will set out plans for large collaborative proposals. Following assessment, successful EOIs will be selected to receive up to £50,000 in ‘seedcorn funding’ to further develop a proposal for a full stage project.
Please see summary below:
Competition opens: Monday, 28th May 2018
Competition closes: Wednesday, 25th July 2018 (noon)
Funding available: up to £50,000 seedcorn funding for successful EOIs; full stage proposals between £10million and £50million
Project dates: June 2019 – April 2024
For more information, please see this link.