At the end of 2016, Prime Minister Theresa May committed to invest an extra £4.7 billion in research and development (R&D). The government’s intention is to help the UK remain an attractive place for businesses to invest in innovation by bridging the gap between universities and companies. Business Gateway has a wealth of expertise in applying for various sources of funding available to de-risk innovation when working with the University.
Typical funding schemes include:
- Innovate UK funding competitions - the UK’s innovation agency. The funds support people, companies and organisations discover and progress science and technology innovations that will grow the UK economy. These schemes range from start-up funding through to collaborative projects featuring SMEs, large companies, Universities and research organisations. Throughout the year Innovate UK will release a series sector-focused grant funding competitions to apply for, covering the following industry sectors: emerging and enabling technologies, infrastructure systems, health and life sciences, manufacturing and materials
- Research Council Innovation and Impact funding
- BBSRC Industrial Partnership Awards
- MRC Industrial Collaboration UK Government Department funding, e.g. Department of Transport, MOD etc.
- Councils and Local Enterprise Partnerships (LEPs) schemes
- EU grants - delivered through Horizon 2020. H2020 operates a number of different competitions including SME Instrument, EU collaborative calls, FastTrack to Innovation and Eurostars. These competitions range from single SME R&D projects to collaborative projects across a number of EU countries.
- Wellcome Trust Innovator Awards
- CRUK Pioneer Award encouraging innovative ideas for tackling cancer
- NIHR Invention for Innovation (i4i) Challenge Award for technological solutions to influence the patient care pathway.