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15 million pound funding for innovation projects that will shape the future
20 Mar

15 million pound funding for innovation projects that will shape the future

East Sussex companies can apply for a share of up to £15m for innovation projects that will inspire the products and services of tomorrow.

 

UK government body, Innovate UK, will back projects that stimulate new products and services through emerging and enabling technologies. Schemes are expected to last between six months and three years and range in size from £35,000 to £2m.

 

Philip Johnson, Director of Locate East Sussex, is encouraging East Sussex firms to take advantage of the grants available.

He said: “This is a superb opportunity for East Sussex businesses to secure extra investment for their innovation projects. We have a growing and successful technology sector in the county and urge those businesses to put themselves forward for this funding.”

Projects in four areas are being targeted, including: emerging technologies, digital, enabling capabilities and space applications.

 

Examples of emerging technologies include quantum technologies, graphene and 2D materials, biofilms, energy harvesting and synthetic biology. Examples of enabling technologies include digital, space and satellite, electronics, sensors and photonics, and robotics.

 

Proposals must demonstrate significant innovation; be applicable to more than one industry, sector or market; and improve growth, productivity or create export opportunities for at least one small- to medium-sized business.

 

The competition, which aims to help UK businesses broaden their innovation activities, disrupt existing markets and find new revenue sources, is now open and the deadline for registration is 3 May 2017.

 

More information can be found at https://www.gov.uk/government/collections/innovation-grants-for-business-apply-for-funding