From 24th January, UK registered businesses will be able to apply for a share of £3 million to develop collaborative R&D with businesses from Singapore. This funding is from Innovate UK in partnership with Enterprise Singapore.
The competition has an open scope, but applications from the following sectors are of particular interest: advanced manufacturing and materials, agrifood tech, mobility and transport, cybersecurity, and health and life sciences.
Scope
This competition will fund business-led, collaborative research and development projects focused on industrial research. All proposals must demonstrate:
- a clear game-changing or disruptive innovative idea leading to new products, processes or services
- a strong and deliverable business plan
- sound, practical financial plans and timelines
- good value for money
- a clear, evidence-based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation
- 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 IP can be used and shared between the participants and countries
- a clear route to market within no more than 2 to 3 years of project completion
Eligibility
All projects must meet the following eligibility criteria:
- Firstly, the consortium must include at least one business registered in Singapore.
- All projects must last between 24 and 36 months, starting by 1st September 2022 and ending by 31st August 2025.
- UK applicants can apply for a maximum grant of up to £350,000.
- They must also carry out the majority of their project work in the UK and intend to exploit the results from or in the UK.
More Information
This competition is open until 20th April 2022. For more information, please visit the competition page or join the online briefing event on 3rd February.
RedKnight Consultancy has significant experience in developing bids for transnational innovation projects. To find out more about how we can help, please contact us to arrange a free consultation.
