Innovate UK has up to £20 million to invest in cutting-edge ideas that could have an economic impact.
The new competition will provide grant funding to develop commercial ideas. Projects can focus on any sector or technology type and could include feasibility studies, industry research or experimental development.
The competition opens on 10 May 2018, and the deadline for applications is at midday on 11 July 2018. It is open to businesses working alone or with other businesses and researchers, but must include at least one micro, small or medium-sized enterprise.
Projects to range in size between £25,000 and £2 million, lasting between 6 and 36 months. Businesses could receive a grant for up to 70% of their project costs.