Funding news - 06/03/2017
IUK Launches Emerging and Enabling Technologies Competition - Round Two
Innovate UK (IUK) has launched Round Two of its Emerging and Enabling Technologies Competition.
The programme will invest in new technologies and the underpinning capabilities that improve existing industries. The aim is to inspire the new products, processes and services of tomorrow, for the benefit of industry and to disrupt existing markets.
An emerging technology is one that is progressing in, or has recently emerged from, the research base. It allows something new to take place that was not possible before. Because of this, it disrupts existing markets and enhances value to customers. It can improve lives and lead to new sources of wealth generation. Enabling technologies underpin the development of high-value products and services in many industrial sectors and markets. They improve performance and productivity.
For the current round, IUK has four priority areas:
- Emerging technologies.
- Enabling capabilities, including electronics, sensors and photonics (ESPs), robotics and autonomous systems, and creative economy.
- Space applications.
Projects are expected to last between six months and three years and to range in size from total costs of £35,000 to £2 million, depending on the type of project.
Projects must be UK business-led and involve at least one SME. The applicant must carry out the project work and intend to exploit the results within the UK.
SMEs can work alone or in collaboration with other businesses or research organisations if the eligible project costs are up to £100,000. If the eligible project costs are more than £100,000, the business must work with at least one other business or research organisation (at least one of which must be an SME).
The deadline for registrations is noon on 3 May 2017.
Further details can be accessed at the IUK website
Source: Innovate UK, 06/03/2017