Innovate UK, part of UK Research and Innovation, will invest up to £3 million in innovation projects in partnership with Enterprise Singapore. This competition has an open scope.
The aim of this competition is to fund business led collaborative research and development (CR&D) projects focused on industrial research. Your proposal must include at least one partner from the UK and one partner from Singapore.
The projects we fund are expected to result in a new product, industrial process, or service. They must be innovative, involve a technological risk, and have high market potential in the participating countries.
Your project must:
· apply for a maximum grant of up to £350,000
· start by 1September 2022
· end by 31August 2025
· last between 24 and 36 months
To lead a project your organisation must:
· be a UK registered business of any size
· be or involve at least one grant claiming UK registered SME
· partner with a Singapore registered business, which must be a separate non-linked entity to the UK project partners
UK project partners must carry out most of their project work in the UK and intend to exploit the results from or in the UK.
All businesses in a consortium must be separate legal and non-linked entities. This is to ensure that projects encourage genuine international collaboration, not internal company research. Linked companies are considered a single entity under the parent company.
No more than 70% of the total project costs can be claimed by any single partner or by all partners from a single participating country.
The aim of this competition is to fund business led, collaborative R&D projects focused on industrial research, for innovative proposals developed between the UK and Singapore.
Your project must demonstrate:
· a clear game-changing or disruptive innovative idea leading to new products, processes, or services
· a strong and deliverable business plan that addresses and documents, market potential and needs
· sound, practical financial plans, and timelines
· good value for money which will always be a consideration in Innovate UK funding decisions
· a clear, evidence-based plan to deliver significant economic impact, return on investment and growth through commercialisation, as soon as possible after project completion
· considerable potential to significantly benefit the UK economy or national productivity
· the benefits of participants from the countries working together and how this adds value
· a clear definition of where intellectual property can be used and shared between the participants and countries
· a clear route to market within 2 to 3 years of project completion
Innovate UK would particularly welcome applications from the following sectors:
· Advanced manufacturing and materials
· Agrifood tech
· Mobility and transport
· Health and life sciences