The fourth round of the ISCF Faraday Battery Challenge is now open for grant funding applications. UK registered businesses can apply for a share of £10 million for innovation in electric vehicle battery technology. The competition aims to establish the UK’s position as a global leader in the design, development, and manufacture of batteries for electric vehicles.
Innovate UK is looking to fund a portfolio of projects, across a variety of technologies, sectors, technological maturities, and research categories. There are two strands running at the same time:
1. Feasibility Studies
Firstly, Innovate UK will support business-led feasibility studies. They will fund the most exciting, high potential impact, early-stage research projects, where a 12-month feasibility study will accelerate commercialisation.
Proposals should clearly show how the feasibility study will accelerate the development of technologies with the potential to significantly advance the performance characteristics of batteries for electric vehicles. The project must last between 3 and 12 months and plan to end by 31st March 2022. Eligible costs should be between £100,000 and £1,000,000.
2. Innovation R&D
Secondly, Innovate UK will support the research and development of the most promising innovative battery technologies for the propulsion of electric vehicles. Projects should build on the outputs of previous activity to accelerate towards commercialisation.
Innovate UK is encouraging two types of project:
- New projects building on the outputs and outcomes of previously funded Innovate UK projects or activities.
- New projects building on internal activity within the organisation.
Proposals must clearly demonstrate a significant value-add and exploitation from a preceding feasibility study, collaborative research and development project, or previous non-grant-funded activity. Eligible costs must be between £300,000 and £1,500,000 and projects must again last between 3 and 12 months.
You can find more information on the ISCF Faraday Battery Challenge here. Alternatively, to discuss your project with one of our expert advisers, contact us today.
