Innovate UK will collaborate with Enterprise Singapore to invest up to £5 million in innovative projects. The parameters of this contest are open. The scope of this competition is open. 

This competition aims to provide funding for collaborative research and development (CR&D) initiatives driven by business that are centred on industrial research. At least one partner from Singapore and one partner from the UK must be included in the proposal. The projects are expected to result in a new product, industrial process or service. They must be technologically advanced, innovative, and have a significant market potential in the participating countries. 

 

Applications from the aforementioned industries are especially welcomed: 

  • Advanced manufacturing and materials 
  • Agrifood tech 
  • Mobility and transport 
  • Cybersecurity 
  • Health and life sciences

 

Your project must: 

  • apply for a maximum grant of up to £350,000 
  • start by 1 November 2023 
  • end by 31 October 2026
  • last between 24 and 36 months 

UK project partners are required to complete the majority of their project work in UK and to plan to use the findings in UK.

 

Project must demonstrate: 

  • a clear game-changing or disruptive innovative idea leading to new products, processes or services 
  • a strong and deliverable business plan that addresses and documents, market potential and needs 
  • sound, practical financial plans and timelines 
  • good value for money which will always be a consideration in Innovate UK funding decisions 
  • a clear, evidence-based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion 
  • considerable potential to significantly benefit the UK economy or national productivity 
  • the benefits of participants from the countries working together and how this adds value 
  • a clear definition of where intellectual property (IP) can be used and shared between the participants and countries 
  • a clear route to market within 2 to 3 years of project completion 

 

Competition closes: 3 May 2023 11:00am 

Applicants notified: 7 August 2023 

 

More Information:   

The applications are open until 3 May 2023 11:00am. For more information and registration, please check here.  

RedKnight has a strong track record of securing Innovate UK Smart Grants and can help you develop a competitive application! If you would like help putting together a competitive proposal, please contact us today. 

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