Calling all UK-registered, innovative small and micro tech businesses! Last chance to enter your project into Innovate UK KTN’s competition.
Apply now to receive a share of up to £20 million if your SME is disrupting the market with transformative technology. Registration is open only till 29th March 2023. Any small business that has never been funded by Innovate UK in the past can apply, provided it meets one of the following criteria:
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It must seek innovation that leads to new products, processes or services that are significantly more advanced than those currently available.
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It can propose innovative use of existing products, processes, or services.
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It has developed a new or innovative business model.
Does your business focus on transformative technologies to enable affordable, adoptable and investable innovations for any of the following?
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Semiconductors
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Future Telecoms
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AI Assurance
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Engineering Biology
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Quantum
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Sustainable UK Materials & Manufacturing
If yes, you could not only benefit from substantial funding but also receive tailored business support from Innovate UK EDGE. You can apply for a grant of between £25,000 and £50,000 and claim 100% of your eligible project costs up to the maximum of £50,000. 70% will be awarded upfront.
Eligibility
Do you have an innovative idea that’s completely out of this world?
Perhaps you need public funding for your innovative project.
Finally, if you can demonstrate that your business can deliver the proposed project and will do so with certainty, then the grant can be all yours! In addition, your project must also fulfil the following:
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Have total project costs and grant request of between £25,000 and £50,000
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Start by 1 June 2023
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End by 30 November 2023
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Last between 3 to 6 months in duration
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Must be carried out in the UK
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Intend to exploit the results from or in the UK
The idea behind the competition is to encourage new and small tech businesses in the UK to seek innovation that helps disrupt and transform their respective markets. The funding and tailored business support together will enable your business to reach its full potential and successfully deliver what it promises.
About Innovate UK KTN
Innovate UK KTN is a unique initiative that helps innovative UK businesses connect with new partners and new opportunities to accelerate the transformation of ambitious ideas into real-world solutions. It supports businesses and innovators from a wide range of industries, including biotechnology, agrifood, digital, energy, electronics, healthcare, manufacturing, robotics and AI, security and defence, space, water, and sustainability among others.
The primary goal of the initiative is to connect ideas, people and communities to respond to real-world challenges and drive positive change through innovation. It does so by providing deep expertise to new and transformative businesses through its network of experts from all fields and building communities around emerging innovations that span businesses, the government, funders, research projects, and the third sector.
Whether you are a small business seeking business support and funding, someone who wants to connect to a partner organisation, or a public or private sector business looking to work on a project as a commercial partner, Innovate UK KTN is your one-stop destination for all things innovation and networking.
You can learn more about their competition and find out how to submit your application here.
To find out more about our Technology in MK partner, please visit BizTech's website here.
