Innovate UK: Funding and connecting business innovation across the UK Lo Lorraine Ach cheson 23 23 No November 20 2018
In Innovate UK Is the UK’s innovation agency. Our mission is to accelerate UK economic growth through funding and connecting business-led innovation throughout the UK KNOWLEDGE ECONOMY SOCIETY
UK K Rese search & In Innovatio ion - From Apri ril l 2018 £6bn £0.5bn
Innovate UK regional presence Scotland across the UK, working to: strengthen relationships North East, N. Ireland Yorkshire & Humber connect Innovate UK family with North West regional stakeholders ensure a coherent strategy across East Midlands West Midlands the UK Wales https://datavis.innovateuk.gov.uk/app/ South West East of England South East
Funding for Innovation, R&D
Innovation, Research & Development Escalator – Investni.com
Innovation Vouchers Worth up to £5000 - allows SMEs to access expertise from Universities, Colleges, Institutes of Technology and other public funded research bodies Typical projects include: Ideas for new or improved products, processes & services Product and service testing Access to information and expertise on new materials Tapping into research and scientific expertise The Scheme is open to Invest NI clients and the wider business community.
Innovation Vouchers 4 calls per year. Individual SMEs may apply or collaborative groups (up to 5) may apply for a ‘pooled’ voucher to solve a common issue. Businesses may receive up to 3 vouchers for different projects but can only have one ‘live’ voucher at any time. 1 st voucher (100% funded) 2 nd voucher (80% funded) 3 rd voucher (70% funded) Applicants pay all VAT * Medium enterprises should not have received assistance through Invest NI’s R&D programme in the past 5 years
IR&D Escalator – Investni.com
Grant for R&D Invest NI’s main R&D support mechanism, majority ERDF funded Project Definition and Main Grant for R&D Support technically challenging projects with potential for positive impact on Northern Ireland economy Must incentivise new/additional R&D activity Project theme created by the customer not by Invest NI Support rates based on company size, level of innovation - collaboration encouraged Match funding required
IR&D Escalator – Investni.com
In Innovate UK competit itiv ive fundin ing • Open competitions – regular open calls, covering all sectors, grant funding – projects between • Business growth – innovation loans; investment accelerator – part grant/ part equity • Challenge led - Industrial Strategy Challenge Fund competitions for grant funding
In Industr trial Str trategy Grand Challenges AI and Data Clean Future of Ageing Economy growth mobility society
Knowle ledge Transfer Part rtnership ips • Funds partnerships with academics and businesses • Enables a business to bring in new skills and the latest academic thinking to deliver a specific, strategic innovation project through a knowledge- based partnership • Regular open competitions • Links businesses to academic providers across the UK • Scheme lasts 12-36 months
IR&D Escalator – Investni.com
Horizon 2020 The EU’s biggest ever programme for Research and Innovation €77 billion over 7 years Biennial work programmes Programme calls are competitive Mainly “top down” where the Commission defines the European “challenge” to be met Requirement for collaborative bids - 3 independent entities in 3 participating countries (some exceptions e.g. SME instrument Invest NI is a UK National Contact Point for SMEs and can provide support for applications to the SME instrument and Fast Track to Innovation
IR&D Escalator – Investni.com
Competence Centres 4 Competence Centres in NI including Centre for Advanced Sustainable Energy Industry-led sustainable energy research centre, based in Queen’s University Belfast Fund collaborative Research & Development (R&D) in sustainable energy Energy from Biomass Turbines Energy Systems
There’s never been a better time to invest in innovation, R&D Lorraine.Acheson@innovateuk.ukri.org
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