£15M Innovate UK investment in emerging technology

Innovate UK is investing up to £15M in projects that will help develop innovative products, services for the industries of the future.

The Emerging and Enabling Technologies competition will identify and invest in new technologies and capabilities.

It is envisaged that the technological breakthroughs will have the potential to unlock billions of pounds of value to industry and shake up existing markets.

An emerging technology would be classed as one that is currently progressing or having just emerged from the research phase. The technology will be able to bring more value to customers by disrupting existing markets.

Enabling technologies underpin the development of high-value products and services in many industrial sectors and markets improving performance and productivity.

Innovate UK are looking to fund a portfolio of projects that would include technical feasibility, industrial research and experimental development.

Guidance from Innovate UK says that projects must clearly show high-growth, potential innovations in one or more of the following areas:

• any emerging technology that can demonstrate a step change in performance and the potential to disrupt existing industrial approaches; we are particularly looking to fund projects in energy harvesting, imaging technologies, graphene or biofilms

• any enabling technology in: satellite applications, electronics, sensors, photonics, digital, Internet of Things (IoT), data, cybersecurity, virtual or augmented reality and distributed ledger technology.

 

Businesses entering the competition must lead the project but are able to collaborate with other firms.

It is a requirement that each project must involve at least one small or medium sized company (SME).

It is expected that a project’s cost would fall withn £25,000 to £2M and last between six months and three years.

A launch event will be held on Friday 20th September, with briefing events held in Manchester, Belfast and Cardiff throughout October.

The competition opens on Monday 3 October, with the registration deadline on Wednesday 30 November. The application deadline is Wednesday 7 December.

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