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Funding Opportunities

Current funding opportunities include:

Innovate UK Investor Partnerships: SME round 6
UK registered businesses can apply for grant funding alongside private investment from selected investor partners.

Scope:
Innovate UK, has instituted the Future Economy Investor Partnership Programme, collaborating with selected investor partners possessing credibility and capacity to invest in innovative, technology-led businesses aligned with their initiatives. This program combines Innovate UK’s proficiency in identifying innovation and utilising grant funding to mitigate business risk with investor partners’ funding capabilities and expertise in identifying viable opportunities and teams for additional investment.

The collaborative approach aims to provide support for research and development, furnishing businesses with essential capital investment to progress and commercialize their innovations.

To apply for funding, businesses need to establish a relationship and investment traction with one of the approved investor partners listed on the Innovate UK Investor Partners – UKRI and Innovate UK KTN websites. The investor partner must confirm the business’s eligibility to apply for grant funding.

Successful projects, evaluated as fundable through independent assessment by Innovate UK, will receive aligned investment directly, led, or catalysed by the identified investor partner. Funding opportunities are available across multiple competitions, with the next round opening on 28th February 2024.
The funding type is Investor Partnerships, with project sizes varying based on research categories: £50,000 to £300,000 for feasibility studies, £100,000 to £1 million for industrial research, and £250,000 to £2 million for experimental development. The competition for international collaboration on Research and Development (R&D) projects emphasises key elements such as game-changing innovation, a strong business plan, financial viability, economic impact, national benefit, collaborative value, intellectual property considerations, and a clear route to market or clinical trials within 2 years of project completion. Successful proposals will effectively address and fulfil these requirements, contributing to meaningful international collaborations and fostering innovation with potential economic impact.

Registration closes: 27th February 2024, 11am.

If you need help applying for this grant, TheHill can help with your application. Find out more about our Grant writing service.


Eureka Collaborative R&D: Eurostars 3 Call 6
UK registered organisations can apply for a share of up to £2.5 million for collaborative research in partnership with organisations from participating Eurostars countries.

Scope:
Innovate UK, a part of UK Research and Innovation, is providing funding of up to £2.5 million for collaborative research and development (CR&D) projects in Call 6 of Eurostars. This initiative encourages international collaboration on R&D endeavors with a focus on generating innovative products, processes, or services for commercialisation across various sectors. Projects must exhibit high market potential, emphasising the development of innovative products, technology-based applications, or technology-based services. Participation requires inclusion of at least one partner from the Eurostars network. The funding, in the form of grants, allows UK applicants to seek up to €360,000 for each project partner. Key criteria for proposal success include presenting a game-changing innovation, a comprehensive business plan addressing market needs, plans for significant economic impact, and clear benefits for the UK economy. Collaboration value, intellectual property agreements, and market readiness are also essential considerations in the competitive process.

Registration closes: Thursday 14th March 2024, 11:00am

If you need help applying for this grant, TheHill can help with your application. Find out more about our Grant writing service.


Horizon Europe Guarantee – EIT KICs 2023 

Scope:
The ’Horizon Europe guarantee’ scheme provides funding to researchers and innovators unable to receive their Horizon Europe funding while the UK is in the process of associating to the programme. The guarantee is a short-term measure intended to address the delays in the formalisation of the UK’s association to Horizon Europe. 

This guarantee covers the costs of EIT-eligible activities delivered by UK participants of the KICs in 2021, 2022, and 2023 that would otherwise have been covered by grant funding awarded by EIT. 

Registration Closes: Tuesday 31st December 2024


BridgeAI: Turing Commons | The Alan Turing Institute 

Scope:
The ‘Turing Commons’ is for researchers, ethicists, sociologists, policymakers, or anyone with an interest in responsible data-driven technology. There are three skills tracks, each aimed at a different audience:
 

  • Responsible Research and Innovation (RRI) – primarily for researchers with an active interest in data science or AI research and innovation. 
  • Public Engagement of Data Science and AI (PED) – primarily for researchers with an active interest in public engagement, specifically in the context of data science and artificial intelligence. 
  • AI Ethics & Governance (AEG) – primarily for researchers with an active interest in the ethics and governance of data science and AI.

Registration Closes: Tuesday 31 December 2024


Longstanding funding opportunities:

EIC Accelerator (UK based organisations are eligible)

The EIC Accelerator supports individual small and medium enterprises (SMEs) to develop and scalp game-changing innovations providing substantial financial support with:

grant funding (non-dilutive) of up to €2.5 million for innovation development costs, including demonstration of the technology in the relevant environment, prototyping and system level demonstration, R&D and testing required to meet regulatory and standardisation requirements, intellectual property management, and marketing approval (e.g. at least TRL 5/6 to 8).

investments (direct equity investments or quasi-equity such as convertible loans- for EU based organisations only) of up to €15 million managed by the EIC Fund for scale up and other relevant costs.

Innovate UK Smart Grants

The Innovate UK Smart grant funds a cross-sector portfolio to support SMEs and their partners to develop the best game changing and word-leading projects. Applications can come from any area of technology and be applied to any part of the economy. Projects of 6 to 18 months must have total eligible project costs between £100,000 and £500,000 and can be single or collaborative. 19 to 36 month projects must have total eligible project costs between £100,000 and £2 million and must be collaborative.

 


TheHill is always open to collaborations and keen to partner with other organisations as consortium member on collaborative projects, if you are interested please complete our triage form.