Transformative Technologies Grant for small & micro businesses
UK registered small and micro businesses who have not been funded by Innovate UK in the past can apply for a share of up to £20 million for affordable, adoptable and investable innovations in transformative technologies.
The aim of this competition is to provide a package of targeted support to enable ambitious UK registered micro and small businesses in transformative technologies to reach their potential.
Innovate UK is offering UK registered small and micro businesses a share of up to £20 million in grants. In addition to the grant support, you will be offered tailored business support delivered by Innovate UK EDGE.
Your innovation must lead to new products, processes or services that are significantly ahead of others currently available, or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model.
You must focus on one of the transformative technologies and how you can enable affordable, adoptable and investable innovations for:
- semiconductors
- future telecoms
- AI assurance
- engineering biology
- quantum
- sustainable UK materials and manufacturing
Competition Closes 29/03/2023
Eligibility
Your project must:
have total project costs and grant request of between £25,000 and £50,000
- start by 1 June 2023
- end by 30 November 2023
- last between 3 and 6 months in duration
- carry out its project work in the UK
- intend to exploit the results from or in the UK
If you exceed the total project costs of £50,000 you will be ineligible and your application will not be sent for assessment. You will also be made ineligible if you exceed the Minimal Financial Assistance limit. You must submit a complete declaration as part of your application.
To lead a project your organisation must be a UK registered micro or small business.
If your business has been funded by Innovate UK previously, you are not eligible to apply for this competition. Businesses with directors who have previously received a grant or Innovation Loan from Innovate UK as part of a different company, are eligible to apply but will be considered on a case by case basis. A business with a previous award to a parent or subsidiary would also be eligible to apply, but the parent company must be classified as a micro or small business. Applications will be considered on a case by case basis.
Subcontractors are allowed.
An eligible UK business can lead on one application. We will only award grant funding to one project per business.