Funding: innovation in response to pandemic
Innovate UK has launched a funding competition awarding 100% of project costs up to a maximum of £50,000.
The aim of the competition is to support UK businesses to focus on emerging or increasing needs of society and industries during and following the Covid-19 pandemic.
Applications must demonstrate both realistic and significant benefits for society (including communities, families and individuals) or an industry that has been severely impacted and/or permanently disrupted by the Covid-19 pandemic.
Proposals must focus on a clear need and the proposed innovation to address it. Businesses must have the ability to deliver the project during the working restrictions of the Covid-19 pandemic.
The key headlines at this point are:
- Competition opened 3 April
- 100% funding/ intervention rate at £50k per project
- Full funding upfront, in advance of project start date
- Project length 3-6 months
- Funding cannot be used for sustainability of a business
- Sole traders will not be eligible
More details, including registration, are available here.
NB Registration closes at 12:00 on 17 April 2020.