EC Invests €1.3B in Digital Europe Programme

On 28th March 2025, the European Commission announced a significant investment of €1.3 billion aimed at bolstering Europe's capabilities in artificial intelligence (AI), cybersecurity, and digital skills. This funding is part of the Digital Europe Programme's work plan for 2025 to 2027, highlighting the EU's commitment to enhancing its technological sovereignty and accelerating digital transformation across member states.

Note to reader: The United Kingdom is not currently associated with the European Union’s Digital Europe Programme following Brexit. This means UK-based organisations are not eligible to apply for or receive funding through the programme. If you are based in the UK, this article is for information purposes only.

Strategic Focus Areas

The allocated funds will be directed toward several key areas:

  1. Artificial Intelligence (AI) Deployment and Adoption: The initiative aims to facilitate the integration of AI technologies into both businesses and public administrations, promoting innovation and efficiency.
  2. Cloud and Data Infrastructure: Investments will support the development of robust cloud services and data infrastructures, ensuring secure and efficient data management and accessibility.
  3. Cyber Resilience: Enhancing cybersecurity measures is a priority to protect digital assets and infrastructures from evolving cyber threats.
  4. Digital Skills Development: The programme emphasises the importance of equipping citizens with the necessary digital skills to thrive in an increasingly digital economy.

Implementation and Accessibility

The European Commission plans to roll out calls for proposals starting in April 2025, with additional opportunities expected throughout the year. These calls will be accessible to businesses, public administrations, and other entities from EU Member States, EFTA/EEA countries, and nations associated with the Digital Europe Programme.

Interested parties can find detailed information on open calls and application procedures on the Digital Europe website.

Alignment with Broader EU Digital Strategies

This investment aligns with the EU's broader digital strategies, including the 2030 Digital Compass, which outlines Europe's digital ambitions for the next decade. By focusing on critical areas such as AI, cybersecurity, and digital skills, the EU aims to position itself as a leader in the global digital landscape.

Henna Virkkunen, the European Commission's digital chief, emphasised the importance of this initiative, stating, "Securing European tech sovereignty starts with investing in advanced technologies and in making it possible for people to improve their digital competences."

Expected Impact

The €1.3 billion investment is anticipated to have a transformative impact on Europe's digital ecosystem by:

  • Driving Innovation: Facilitating the development and adoption of cutting-edge AI technologies across various sectors.
  • Enhancing Security: Strengthening cybersecurity frameworks to protect critical infrastructures and data.
  • Building a Skilled Workforce: Providing citizens with the digital skills necessary to participate effectively in the digital economy.
  • Fostering Economic Growth: Enabling businesses, especially SMEs, to leverage digital technologies for increased competitiveness and market expansion.

This strategic investment reflects the EU's commitment to creating a resilient, inclusive, and forward-looking digital environment that benefits all its citizens and positions Europe at the forefront of global technological advancements.

by Dayne Hodgson

UK Space Agency Launches Innovation Funding Call

The UK Space Agency has unveiled the second call for the National Space Innovation Programme (NSIP), a strategic initiative designed to propel the nation's space industry to new heights. This article delves into the intricacies of NSIP Call 2, exploring its objectives, funding opportunities, thematic focus, eligibility criteria, application process, and the broader implications for the UK's space ambitions.

Introduction to the National Space Innovation Programme (NSIP)

Launched as a pivotal component of the UK's National Space Strategy, the NSIP aims to position the country as one of the world's most innovative and attractive space economies. By providing co-funded grants, the programme seeks to de-risk high-reward projects, facilitating the development of cutting-edge space technologies, applications, and services. The overarching goal is to catalyse investment, drive innovation, and capture significant market share in the rapidly evolving global space industry.

Objectives and Strategic Goals of NSIP Call 2

NSIP Call 2 has been developed to expand the UK's portfolio of space innovations, aligning with the National Space Strategy's vision. The primary objectives include:

  • Catalysing Investment: The programme aims to secure contract revenue and capital into the UK space sector, targeting an impressive return of 5-8 times the value of NSIP investment by 2030.
  • Driving Innovation: By supporting projects that achieve an average improvement in Technology Readiness Level (TRL) of two or more, NSIP seeks to elevate the technological maturity of supported initiatives over their lifespan.
  • Capturing Market Share: The focus is on generating new products and services that can be sold into the fastest-growing and highest-potential space markets by 2030, thereby enhancing the UK's competitive edge globally.

Funding Opportunities and Project Strands

Under NSIP Call 2, the UK Space Agency has earmarked at least £17 million for co-funded grants, structured into two distinct strands:

  1. Kick Starter Projects: Aimed at early-stage innovations with TRL 1-4, these projects emphasise highly disruptive or novel proposals. Applicants can request grant funding between £150,000 and £1,000,000, with a maximum project duration of 16 months.
  2. Major Projects: Focused on the commercialization and growth of particularly lucrative ideas, these projects target higher TRL levels, aiming to bring mature technologies closer to market readiness.

The allocation of funds is designed to provide an end-to-end support package, assisting projects across the notorious "valley of death" in innovation, facilitating their journey from conceptualization to commercial success.

Thematic Focus: Space Data for Earth Applications

While NSIP Call 2 maintains an open approach to funding, encouraging proposals across a broad spectrum of space technologies, there is a strategic emphasis on the theme of "Space Data for Earth Applications." Up to 30% of the Call 2 budget is dedicated to projects that seek to deliver capabilities and applications utilising satellite data to benefit UK citizens and stimulate economic growth. This thematic focus underscores the UK's commitment to harnessing space technology to address terrestrial challenges, enhancing sectors such as environmental monitoring, agriculture, urban planning, and disaster response.

Eligibility Criteria and Application Process

NSIP Call 2 is open to a diverse range of UK-based entities, including companies, universities, and research organizations. To manage the anticipated high level of interest and ensure a streamlined selection process, the UK Space Agency has implemented a two-stage application procedure:

  1. Expression of Interest: Prospective applicants are required to complete an Expression of Interest form by 23rd April 2025.
  2. Outline Proposal Submission: Following the Expression of Interest, applicants must submit their Outline Proposal Application forms by 11:59 pm on 8th May 2025 to [email protected].

Successful candidates from the Outline Proposal stage will be invited to submit Full Proposals, with approximately 50 applicants expected to proceed to this phase. Detailed guidance on the application process and eligibility requirements is available in the Announcement of Opportunity.

Assessment Criteria and Selection Process

Applications will undergo a rigorous assessment process, evaluating factors such as:

  • Innovation and Technical Merit: The novelty and technical feasibility of the proposed project.
  • Commercial Potential: The project's viability in terms of market demand and potential for revenue generation.
  • Alignment with Strategic Goals: How well the project aligns with NSIP's objectives and the broader National Space Strategy.
  • Project Management and Deliverability: The applicant's capability to manage and deliver the project within the stipulated timeframe and budget.

The selection process is designed to identify projects that not only exhibit technical excellence but also demonstrate a clear pathway to commercialisation and market impact.

Broader Implications for the UK's Space Sector

The launch of NSIP Call 2 signifies a robust commitment by the UK government to bolster its space sector, fostering an environment conducive to innovation and commercial success. By strategically investing in high-potential projects and emphasising themes like Space Data for Earth Applications, the UK positions itself to address both national and global challenges through space technology.

Moreover, the programme's focus on catalysing investment and capturing market share reflects an understanding of the economic potential inherent in the space industry. By supporting projects that can attract significant private investment and generate new products and services, NSIP contributes to the creation of high-skilled jobs, stimulates economic growth, and enhances the UK's standing in the international space community.

by Dayne Hodgson

Creative Industries Innovation Funding Boost

The Department for Culture, Media and Sport (DCMS), in collaboration with Innovate UK, has launched the fourth round of the Create Growth Programme, offering targeted support to high-growth creative businesses across England. This initiative aims to stimulate innovation, foster business scaling, and enhance investor networks within the creative industries. The programme is divided into two distinct competitions: one for small projects and another for large projects.
Overview of the Create Growth Programme
The Create Growth Programme is designed to provide a comprehensive package of support to creative businesses with high-growth potential. By focusing on innovation projects, the programme seeks to help these businesses scale effectively, build robust investor networks, and realise their full potential. The support comprises three complementary strands:
1. Business Support: Tailored assistance aimed at addressing the unique challenges faced by creative enterprises.
2. Finance: Access to funding opportunities to support innovative projects and business expansion.
3. Investor Capacity Building Activities: Initiatives designed to enhance the investment readiness of creative businesses and connect them with potential investors.
The programme targets twelve regions across England, each selected for their vibrant creative sectors:
• Greater Manchester
• Norfolk, Suffolk, and Cambridgeshire
• Northeast of England
• West of England and Cornwall
• Southeast Coast
• Leicestershire, Derbyshire, and Greater Lincolnshire
• Nottingham and Nottinghamshire
• Hull and East Yorkshire
• West Midlands
• West Yorkshire
• Devon
• Hertfordshire
Businesses operating within these regions are encouraged to apply for the competition that best aligns with their project scope and funding requirements.
Competition 1: Small Projects
Objective: To support small-scale innovation projects that can act as catalysts for business growth within the creative industries.
Funding Details:
• Total Project Costs: Between £20,000 and £50,000.
• Funding Coverage: Successful applicants can receive up to 100% funding for eligible project costs.
Eligibility Criteria:
• Business Size: Micro, small, or medium-sized enterprises (SMEs).
• Location: Must be registered or operational in one of the twelve appointed DCMS Create Growth Programme regions.
• Sector: Must operate within the creative industries, focusing on sub-sectors such as advertising, architecture, crafts, design, film, IT, publishing, and music, among others.
Project Requirements:
• The project should introduce an innovative and ambitious idea that presents a clear growth opportunity.
• It must be a new initiative for the business, aiming to create new revenue streams, products, services, or intellectual property.
• The project should demonstrate potential for commercialisation within 12 months of receiving support and include a clear plan for attracting additional private finance.
• It should benefit the wider creative cluster or region in which the business is based.
• The project must be ready to start promptly and offer good value for money.
Application Process:
• Opening Date: 31st March 2025.
• Closing Date: 29th May 2025, 11:00 am.
• Project Start Date: On or after 1st October 2025.
• Project Duration: Between three and six months, concluding by 31st March 2026.
Applicants are advised to ensure their proposals align with the competition's scope and objectives. Detailed guidance on the application process and eligibility criteria is available on the Innovate UK website.
Competition 2: Large Projects
Objective: To support larger, more ambitious innovation projects that can significantly contribute to business scaling and sectoral growth within the creative industries.
Funding Details:
• Total Project Costs: Between £50,000 and £200,000.
• Funding Coverage: Funding is provided according to the size of the business:
o Up to 70% of eligible project costs for micro and small businesses.
o Up to 60% for medium-sized businesses.
• Match Funding Requirement: Applicants must provide match funding to cover the balance of the project costs.
Eligibility Criteria:
• Business Size: Micro, small, or medium-sized enterprises (SMEs).
• Location: Must be registered or operational in one of the twelve appointed DCMS Create Growth Programme regions.
• Sector: Must operate within the creative industries, focusing on sub-sectors such as advertising, architecture, crafts, design, film, IT, publishing, and music, among others.
Project Requirements:
• The project should present an innovative and ambitious idea with a clear growth opportunity.
• It must be a new initiative for the business, aiming to create new revenue streams, products, services, or intellectual property.
• The project should demonstrate potential for commercialisation within 12 months of receiving support and include a clear plan for attracting additional private finance.
• It should benefit the wider creative cluster or region in which the business is based.

by Dayne Hodgson

DASA Open Call 2025

The Defence and Security Accelerator (DASA) recently announced the launch of its Open Call for Innovation for Calendar Year 2025 (CY2025) - Cycle 1, inviting innovators to contribute groundbreaking ideas aimed at enhancing the UK's defence and security capabilities. This initiative provides a platform for individuals and organisations to propose disruptive solutions that address challenges across the defence and security landscapes, even in the absence of specific requirements.

Understanding the Open Call for Innovation
The Open Call for Innovation is a broad mechanism designed to capture a wide array of innovative ideas that might otherwise be overlooked. It allows innovators to present concepts, technologies, or services that could provide the UK with an edge over adversaries. DASA operates several specific competitions under this umbrella, each targeting distinct areas of interest within the defence and security sectors.

Key Competitions Under the Open Call
For CY2025 - Cycle 1, DASA has opened the following competition:
• Defence Rapid Impact: This competition seeks innovative ideas that can deliver a technology model or prototype demonstration at Technology Readiness Level (TRL) 6 or 7. The goal is to achieve a limited-scale demonstration in the hands of end-users within the context or environment where the solution is expected to be used. Projects should have a realistic prospect of achieving impact within three years from the completion of the project. Proposals are expected to align with strong customer requirements and capability needs.

Funding and Contracting
No specific funding limit is set for the Defence Rapid Impact competition; however, DASA typically expects to fund bids between £100,000 and £250,000. Proposals demonstrating value for money are viewed favourably.

Innovation Focus Areas (IFAs)
While the Open Call welcomes a wide range of innovative ideas, DASA also highlights specific enduring challenges through Innovation Focus Areas (IFAs). These IFAs provide insight into broad topics of interest and seek proposals that address these specific challenges. Typically, IFAs remain open for a minimum of two Open Call Cycles, allowing innovators ample time to develop and submit their proposals.

Submission Deadlines and Cycle Schedule
The Open Call for Innovation operates in cycles throughout the calendar year. For CY2025 - Cycle 1, proposals must be submitted through the DASA Online Submission Service by 12:00 Midday (BST) on 29th April 2025. The schedule for CY2025 is as follows:

  • Cycle 1: Closes on 29th April 2025; decisions released by 18th July 2025; feedback released by 25th July 2025.
  • Cycle 2: Closes on 1st July 2025; decisions released by 10th October 2025; feedback released by 17th October 2025.
  • Cycle 3: Closes on 23rd September 2025; decisions released by 12th December 2025; feedback released by 19th December 2025.
  • Cycle 4: Closes on 16th December 2025; decisions released by 27th March 2026; feedback released by 3rd April 2026.

It's important to note that there will be no Open Call competitions open for submission between 12:00 Midday on 16th December 2025 and Midday on 6th January 2026.

Submission Process
Proposals must be submitted via the DASA Online Submission Service, which requires registration for an account. Only proposals submitted through this platform will be accepted. When submitting, innovators are required to include a title, Proposal Value Proposition Statement (PVPS), and a short abstract. This information is used by DASA and Partners Across Government (PAG) to describe the project and its intended outcomes and benefits. As this information can be shared, it should not contain details that may compromise intellectual property.

Why Should Innovators Apply?
The DASA Open Call for Innovation presents a unique opportunity for businesses, academics, and individual innovators to contribute to national security while securing funding and gaining access to government stakeholders. Here are some of the key benefits:

  • Funding Without Equity Loss: Unlike venture capital funding, DASA provides grants and contracts without taking ownership in the innovator’s company.
  • Direct Engagement with the Ministry of Defence: Successful applicants gain valuable exposure to UK defence and security decision-makers.
  • Retention of Intellectual Property: Innovators keep full control over their IP, enabling future commercial opportunities beyond the defence sector.
  • Acceleration of Technology Development: Funding and end-user feedback help innovators quickly develop and test their solutions in real-world environments.
  • Potential for Follow-on Contracts: Successful projects have the potential to secure long-term defence contracts or additional government funding for further development.

How to Maximise Your Chances of Success
While the Open Call is highly competitive, applicants can improve their chances of securing funding by following these best practices:

  • Clearly Define the Problem and Solution: Proposals should clearly articulate the problem being solved, the proposed innovation, and its impact on defence and security.
  • Demonstrate Feasibility: Back up claims with data, research, or proof-of-concept demonstrations.
  • Align with End-User Needs: Engage with DASA Innovation Partners or defence stakeholders to ensure the proposal meets a real-world need.
  • Provide a Strong Project Plan: Outline realistic milestones, deliverables, and cost estimates.
  • Ensure Security Compliance: If dealing with sensitive data or technologies, demonstrate how security requirements will be met.

What Next?

Contact RedKnight today to discuss how we can help you secure DASA funding.

by Dayne Hodgson

Energy Catalyst: Funding Clean Energy Solutions for Global Impact

Innovate UK has announced the launch of Energy Catalyst Round 11, a funding initiative aimed at accelerating innovations to improve clean energy access in sub-Saharan Africa, South Asia, and the Indo-Pacific regions. This round is divided into two distinct strands: Early-stage and Mid-stage, each tailored to support projects at different levels of development. Up to £4.5 million is allocated across both stages.

Energy Catalyst Round 11: Early-stage
The Early-stage competition is designed for UK-registered organisations seeking to develop nascent ideas that can transform energy access in the target regions. Projects should focus on creating affordable, reliable, and low-carbon technologies or business models. Key details include:

  • Project Costs: Eligible project costs must range between £50,000 and £300,000.
  • Project Duration: Projects should commence by 1st September 2025 and conclude by 31st August 2026, lasting between 6 to 12 months.
  • Eligibility Criteria: Applicants must be UK-registered organisations aiming to improve energy access in Official Development Assistance (ODA) eligible countries within the specified regions. The proposed solutions should integrate considerations of gender equality, disability, and social inclusion, aligning with Sustainable Development Goals 7 (Affordable and Clean Energy) and 13 (Climate Action).

Energy Catalyst Round 11: Mid-stage
The Mid-stage competition caters to UK-registered organisations with more developed projects that are ready to progress towards implementation. Similar to the Early-stage, projects must aim to enhance clean energy access in the target regions. Key aspects include:

  • Project Costs: Eligible project costs should be between £50,000 and £1.5 million.
  • Project Duration: Projects are expected to start by 1st September 2025 and end by 31st March 2027, with durations ranging from 6 to 19 months.
  • Eligibility Criteria: Applicants must be UK-registered organisations focusing on delivering innovations for clean energy access in ODA-eligible countries within sub-Saharan Africa, South Asia, or the Indo-Pacific regions. Projects should ensure a just and inclusive energy transition by integrating gender equality, disability, and social inclusion considerations.

Application Process and Deadlines
Both competitions are scheduled to open on Wednesday, 12th March 2025, and will close at 11am on Wednesday, 30th April 2025. Prospective applicants are advised to carefully review the specific eligibility criteria and scope for each strand to ensure their proposals align with the competition requirements. Applications must be submitted through the Innovation Funding Service portal before the stated deadline.

Strategic Importance of Energy Catalyst Round 11
The Energy Catalyst programme plays a pivotal role in addressing the global challenge of energy access. By focusing on sub-Saharan Africa, South Asia, and the Indo-Pacific regions, Innovate UK aims to stimulate the development of innovative solutions that can provide sustainable energy to underserved communities. This initiative not only seeks to improve the quality of life in these regions but also contributes to global efforts in combating climate change by promoting low-carbon technologies.

Integration of Inclusivity in Energy Solutions
A notable emphasis in Round 11 is the integration of gender equality, disability, and social inclusion (GEDSI) within energy projects. Applicants are encouraged to design solutions that are inclusive, ensuring that the benefits of clean energy reach all segments of society, particularly the marginalised and vulnerable groups. This approach aligns with the broader objectives of the Sustainable Development Goals, fostering equitable and sustainable development.

Next Steps

For a free consultation to discuss your project idea in more detail, contact RedKnight today.

by Dayne Hodgson

Empowering Women in AI: Breaking Barriers and Building Futures

On 28th March 2025, Innovate UK will host "Empowering Women in AI and Business Growth: Breaking Barriers and Building Futures" at Google's London headquarters. This event aims to address the unique challenges faced by women-led businesses in the rapidly evolving fields of artificial intelligence (AI) and business growth, offering actionable insights, networking opportunities, and access to support initiatives.

Understanding the Challenges
Despite advancements in technology and business, women-led enterprises continue to encounter significant hurdles. Recent statistics reveal that AI startups founded by women secure a disproportionately small fraction of funding deals. Additionally, many female business owners report feeling less equipped with the necessary skills and confidence to integrate AI into their operations. These challenges underscore the importance of targeted support and resources to bridge the existing gaps.

Event Objectives
The primary goal of this event is to empower women entrepreneurs by providing:

  • Actionable Insights: Strategies for scaling businesses and accessing new markets.
  • Investor Connections: Opportunities to engage with investors and learn effective methods for sourcing talent to accelerate business success.
  • Support Awareness: Information on available support mechanisms for both AI suppliers and consumers, including Innovate UK's system support and talent initiatives.
  • Networking Opportunities: Platforms to connect with fellow women leaders and innovators, fostering a community of support and collaboration.

Who Should Attend?
The event is tailored for women business leaders and owners from across the UK. While registration is open to all, the content is specifically designed to benefit women-led businesses and those in leadership positions. Attendees will have the option to deliver a 2-minute pitch highlighting their activities, objectives, and needs concerning support and collaborations.

Agenda Highlights
The event's draft agenda includes:

  • 09:15 – Registration and Networking: An opportunity to connect with peers and establish new relationships.
  • 09:45 – Welcome Address by Innovate UK Business Connect: Setting the tone for the day's discussions and activities.
  • 10:00 – Initiatives to Support Women in Business and Businesses: An overview of current programs and resources available to women entrepreneurs.
  • 10:15 – Overview of No Limits and Inclusive Innovation Programmes: Insights into Innovate UK's initiatives aimed at fostering diversity and inclusion in innovation.
  • 10:30 – Company Pitches: A platform for attendees to present their businesses, share objectives, and seek potential collaborations.
  • 11:00 – Networking and Refreshments: A break to facilitate informal discussions and networking.
  • 11:15 – Upskilling in AI by the National Innovation Centre for Data: Discussing the importance of data skills in the AI landscape.
  • 11:30 – The Role of Maths in AI in Business by System Holdings: A case study on leveraging mathematics and AI for business development, including strategies for sourcing talent and investment, and reaching new markets.
  • 11:45 – AI Talent by Imperial College London: Exploring how academic institutions can support the growth of women-led businesses and the broader business community.
  • 11:55 – Market Diversification by NquiringMinds: Insights into the benefits and challenges of diversifying markets, drawing from NquiringMinds' experiences.

Innovate UK's Commitment
Innovate UK remains dedicated to dismantling barriers that hinder the progress of women in AI and business. Through initiatives like No Limits and Inclusive Innovation, the organisation strives to create an environment where diverse ideas and perspectives can flourish, driving economic growth and societal advancement.

To register for the event, click here.

by Dayne Hodgson

New CEO of UKRI Appointed

A Distinguished Career in Fusion Research

Sir Ian Chapman brings a wealth of experience to his new role, having served as the CEO of the UK Atomic Energy Authority (UKAEA) since October 2016. His tenure at UKAEA was marked by significant advancements in fusion energy research, positioning the UK as a global leader in this domain. Under his leadership, the organisation transitioned from a focus on deep research and development (R&D) to undertaking major infrastructure projects, including the design and construction of a prototype fusion power plant. This shift not only advanced scientific understanding but also stimulated inward investment, economic growth, and the development of a skilled workforce and supply chain.

Academic and Professional Accolades

Sir Ian's academic journey began at Durham University, where he earned an MSc in Mathematics and Physics in 2004. He pursued doctoral studies at Imperial College London, focusing on plasma physics within tokamak fusion devices, and received his PhD in 2008. His research contributions have been recognized with numerous international awards, including the Institute of Physics' Clifford Paterson Medal and Prize in 2013 and the European Physical Society's Early Career Prize in 2014. In 2022, he was elected a Fellow of the Royal Academy of Engineering, followed by his election as a Fellow of the Royal Society in 2023. His services to global fusion energy were further honoured with a knighthood in the 2023 New Year Honours.

UKRI's Role in Driving Economic Growth

UK Research and Innovation (UKRI) is the UK's principal public research funding body, with an annual budget of £9 billion. It plays a pivotal role in the UK's research and innovation landscape, supporting thousands of researchers and innovators in developing solutions that enhance lives and drive economic prosperity. The organisation's investments have led to significant achievements, such as backing the development of the Oxford-AstraZeneca COVID-19 vaccine and constructing advanced wind turbine test facilities, contributing to the UK's status as a clean energy leader. UKRI has also been instrumental in the UK's artificial intelligence (AI) sector, contributing to the £1 billion public investment in AI research and development, positioning the UK as the third-largest AI market globally.

A Renewed Focus on Economic Impact

Sir Ian's appointment aligns with a refreshed mission for UKRI, placing economic growth at the core of public investment in research and development. Science Minister Lord Vallance emphasised that leveraging the UK's innovative ideas, talent, and facilities is crucial for economic advancement and improving lives nationwide. Sir Ian's leadership is expected to drive ambitious, curiosity-driven research while ensuring that investments yield tangible economic benefits, thereby supporting the government's broader objectives.

Community and Expert Endorsements

The scientific community has warmly welcomed Sir Ian's appointment. Sir Andrew Mackenzie, UKRI Chairman, expressed confidence in Sir Ian's ability to unlock opportunities that improve lives and livelihoods, noting his exceptional research and leadership experience. Similarly, Professor Sir Peter Bruce, Vice-President of the Royal Society, lauded Sir Ian's scientific and leadership credentials, expressing confidence in his ability to oversee UKRI's vital work in the coming years.

Looking Ahead

Sir Ian Chapman will assume leadership of UKRI in the summer of 2025. With a renewed focus on aligning research and innovation with economic growth, UKRI is poised to enhance the UK's position as a global leader in science and technology. Sir Ian's extensive experience and visionary leadership are expected to steer UKRI toward achieving its mission of fostering research excellence that translates into economic prosperity and societal well-being.

by Dayne Hodgson

EIC Accelerator (Oct '24 Cut-Off) Results Announced

The European Innovation Council (EIC) Accelerator programmes provides up to €2.5m of grant funding and up to of €15m of equity to support innovative start-ups and small to medium-sized enterprises (SMEs) developing groundbreaking technologies and solutions which are at Technology Readiness Level 6 or above.

Overview of the February 2025 Funding Round

In the latest funding round (results announced in February 2025), the EIC Accelerator received a record-breaking 1,211 full applications from start-ups and SMEs for the 3rd October 2024, cut-off. Of these applications, 431 were invited to jury interviews, with 71 companies selected for funding. This selection translates to an overall success rate of approximately 5.9% from Step 2 to the final selection, highlighting the rigorous and competitive nature of the process.

The total funding allocated in this round amounts to €387 million, with an average of €5.45 million per company. The funding types awarded were as follows:

  • Blended Finance (Grant + Equity): 56 companies (78.9%)
  • Equity-Only: 5 companies (7.0%)
  • Grant-Only: 10 companies (14.1%)

The significant emphasis on blended finance indicates the EIC's strategy to combine immediate financial support with long-term investment, ensuring sustained growth and scalability for the selected companies.

Geographical Distribution and UK Participation

The 71 selected companies represent a diverse geographical spread, spanning 16 countries. The top-performing countries in this round include Germany (15 companies), the Netherlands (11 companies), and Sweden (7 companies). Notably, the UK had 5 companies selected, accounting for 7% of the total.

This representation is particularly significant for UK-based entities. Despite the challenges posed by the UK's departure from the European Union, the EIC Accelerator remains accessible to UK applicants, albeit with certain limitations. UK companies are eligible to apply for the "grant-only" scheme, excluding them from equity-based funding components. This adjustment necessitates a strategic approach for UK applicants, focusing on maximizing the potential of grant funding to drive innovation and growth.

Success Rates and Application Process

The EIC Accelerator's selection process is highly competitive, with success rates reflecting the program's rigorous standards:

  • Step 2 Success Rate: 36%
  • Step 3 Success Rate: 16%
  • Overall Success Rate (from Step 2 to Final Selection): 5.9%

These statistics indicate that while the journey from application to selection is challenging, a significant proportion of applicants who advance to Step 2 have a viable chance of securing funding. Understanding and navigating this process effectively is crucial to enhancing their prospects.

Why UK Entities Should Consider Applying

  1. Access to Substantial Funding: The EIC Accelerator offers grants of up to €2.5 million, providing substantial financial support to propel innovative projects. For UK companies, securing such funding can be transformative, enabling the development and scaling of cutting-edge solutions.
  2. Recognition and Credibility: Being selected by the EIC Accelerator not only provides financial backing but also serves as a mark of excellence and credibility. This recognition can open doors to additional funding opportunities, partnerships, and market expansion.
  3. Business Acceleration Services: Beyond funding, the EIC offers Business Acceleration Services, granting access to expertise, corporate partners, investors, and innovation ecosystems. These resources are invaluable for companies aiming to scale and penetrate new markets.
  4. Encouragement of Female Leadership: The EIC actively promotes diversity, with 21% of the selected companies in this round being led by women (as CEO, CSO, or CTO). UK companies with female leadership are particularly encouraged to apply, aligning with the EIC's commitment to fostering inclusive innovation.

Considerations for UK Applicants

While the "grant-only" limitation requires UK applicants to forgo equity funding, this constraint can be strategically navigated:

  • Leveraging National Resources: UK companies can complement EIC grant funding with national programs and private investments. This blended approach can offset the absence of EIC equity funding, ensuring comprehensive financial support.
  • Building Strong Consortia: Collaborating with entities from EU member states can enhance the project's value proposition and align it more closely with EIC priorities, potentially increasing the chances of success.
  • Emphasizing EU Market Integration: Demonstrating a clear strategy for integrating and scaling within the EU market can make applications more compelling, showcasing the potential for broader European impact.

Strategic Areas of Focus

The EIC Accelerator is dedicated to supporting innovative startups and SMEs across a wide array of sectors. While the program is open to all fields of technology, it places a particular emphasis on strategic areas that align with broader EU policies and address pressing societal challenges:

Health and Biotechnology:

  • Medical Technologies: Development of advanced medical devices, diagnostics, and therapeutic solutions.
  • Biopharmaceuticals: Innovations in drug discovery, vaccine development, and personalised medicine.
  • Biotechnology Applications: Projects focusing on bioproducts, biofuels, and bioremediation.

Energy and Environment:

  • Renewable Energy Solutions: Technologies harnessing solar, wind, hydro, and other renewable sources.
  • Energy Storage and Efficiency: Innovations in batteries, supercapacitors, and energy management systems.
  • Environmental Protection: Projects aimed at pollution reduction, waste management, and circular economy initiatives.

Digital and Deep Tech:

  • Artificial Intelligence (AI): Development of AI-driven applications across various industries.
  • Quantum Computing: Advancements in quantum technologies for computing and communication.
  • Cybersecurity: Innovations ensuring data protection and network security.

Advanced Materials and Manufacturing:

  • Nanomaterials: Creation of materials with novel properties for industrial applications.
  • Smart Manufacturing: Integration of IoT and automation in production processes.
  • Construction Technologies: Innovations in building materials and sustainable construction practices.

Agriculture and Food:

  • Sustainable Farming: Technologies promoting precision agriculture and resource-efficient farming.
  • Food Biotechnology: Development of alternative proteins and food products with reduced environmental impact.
  • Aquaculture: Innovations in sustainable fish farming and aquatic ecosystem management.

Space and Mobility:

  • Satellite Technologies: Development of components and systems for space exploration and communication.
  • Advanced Mobility Solutions: Innovations in electric vehicles, autonomous transportation, and smart logistics.
  • Aerospace Engineering: Projects focusing on aircraft design, propulsion systems, and air traffic management.

by Dayne Hodgson

Clean Maritime Demonstration Competition 6

The UK government, through Innovate UK and the Department for Transport, has launched the sixth round of the Clean Maritime Demonstration Competition (CMDC). This initiative aims to advance the development and deployment of innovative technologies that reduce greenhouse gas (GHG) emissions in the maritime sector. With a total funding pool of up to £30 million, CMDC Round 6 is divided into three distinct strands:

  1. Pre-deployment Trials
  2. Feasibility Studies
  3. Smart Shipping

Each strand targets specific aspects of maritime decarbonisation, offering tailored support to projects at different stages of development.

  1. Pre-deployment Trials

The Pre-deployment Trials strand focuses on the design, development, and testing of novel clean maritime technologies. Projects under this category should aim to validate technologies in preparation for full-scale deployment, ensuring they are operationally effective and ready for market introduction.

Key Details:

  • Funding Available: Projects can receive grants for eligible costs ranging from £100,000 to £2 million.
  • Project Scope: Emphasis is on on-vessel technologies, infrastructure technologies, or a combination of both. The goal is to conduct rigorous pre-deployment testing to demonstrate the viability of these innovations in real-world maritime settings.
  • Eligibility: UK-registered businesses of any size can lead a project but must collaborate with other UK-registered organisations. This collaborative approach ensures a comprehensive evaluation of the technology from multiple perspectives within the industry.

Applicants are encouraged to ensure their projects are not primarily focused on Smart Shipping technologies, as these are specifically addressed under a separate strand.

  1. Feasibility Studies

The Feasibility Studies strand is designed to support projects in the early stages of development. These studies should assess the technical and economic viability of clean maritime technologies, providing a foundation for future real-world demonstrations and deployments.

Key Details:

  • Funding Available: Grants are available for projects with eligible costs between £75,000 and £1 million.
  • Project Scope: Projects should undertake comprehensive feasibility studies related to on-vessel technologies, infrastructure technologies, skills development, or a combination thereof. The objective is to evaluate the potential impact and practicality of proposed solutions in reducing maritime emissions.
  • Eligibility: Open to UK-registered businesses of any size, leading a consortium of other UK-registered organisations. This collaborative framework fosters a multidisciplinary approach to tackling maritime decarbonisation challenges.

It's important to note that projects focusing on Smart Shipping technologies should consider applying under the dedicated Smart Shipping strand.

  1. Smart Shipping

The Smart Shipping strand aims to fund projects that leverage digital technologies to reduce GHG emissions and improve air quality in the maritime transport sector. This includes the development of autonomous and intelligent shipping solutions that enhance operational efficiency and environmental performance.

Key Details:

  • Funding Available: Eligible projects can receive funding for costs ranging from £75,000 to £2 million.
  • Project Scope: Focus areas include the development and testing of digital solutions such as autonomous vessel technologies, advanced data analytics for route optimisation, and smart port infrastructure. These innovations should contribute directly to emission reductions and improved air quality.
  • Eligibility: UK-registered businesses of any size are invited to lead projects, in collaboration with other UK-registered entities. This ensures a cohesive effort in integrating smart technologies into the maritime industry.

Applicants should ensure their proposals are specifically aligned with Smart Shipping technologies to qualify under this strand.

Application Process and Deadlines

All three strands of CMDC Round 6 close at 11am on Wednesday, 16th April 2025.

Prospective applicants are advised to thoroughly review the specific eligibility criteria and project scopes for each strand to ensure their proposals align with the competition's objectives. Applications must be submitted through the official Innovation Funding Service (IFS) portal before the stated deadline.

Strategic Importance

The CMDC Round 6 is a critical component of the UK's broader strategy to achieve net-zero emissions by 2050. By investing in innovative maritime technologies, the competition seeks to:

  • Accelerate Decarbonisation: Facilitating the development and deployment of technologies that significantly reduce GHG in the maritime sector.
  • Enhance Competitiveness: Positioning the UK as a global leader in clean maritime solutions, thereby boosting economic growth and creating high-skilled jobs.
  • Promote Collaboration: Encouraging partnerships among businesses, research institutions, and government bodies to foster a cohesive approach to maritime innovation.

By addressing various facets of maritime operations—from technological feasibility to smart, data-driven solutions—the CMDC Round 6 aims to create a sustainable and resilient maritime industry for the future.

For detailed information on each strand and guidance on the application process, applicants should refer to the official competition briefs provided by Innovate UK and the Department for Transport:

CMDC Round 6: Pre-deployment trials

CMDC Round 6: Feasibility studies

CMDC Round 6: Smart shipping

To discuss your project in more detail, contact RedKnight today.

 

 

by Dayne Hodgson

The EIC STEP Scale-Up Programme

The Strategic Technologies for Europe Platform (STEP) Scale-Up Programme is a pivotal new initiative under the European Innovation Council (EIC), designed to provide large-scale equity investments for deep-tech startups. With an initial €300 million budget in 2025, expanding to €900 million by 2027, the programme targets strategic sectors including digital technologies, clean energy, and biotech. By bridging the funding gap for high-potential European companies, STEP aims to reduce Europe’s reliance on non-EU technology providers and strengthen the region’s innovation ecosystem.

Background

European deep-tech startups have long faced challenges in securing growth-stage funding, particularly when scaling up beyond early-stage venture capital. Many promising EU-based companies struggle to compete with their counterparts in the US and China, where access to private capital is significantly greater. Recognising this challenge, the European Commission (EC) introduced the STEP Scale-Up Programme to provide much-needed equity investments ranging from €10 million to €30 million per company.

The programme is not only about financing—it's about building European resilience in critical technology sectors such as semiconductors, AI, quantum computing, clean tech, and healthcare innovation.

Objectives of the STEP Programme

The primary goal of the STEP Scale-Up Programme is to enhance Europe's technological sovereignty by supporting companies working in strategic industries. The initiative has four key objectives:

  1. Scaling Up Deep-Tech Startups: The funding gap in the EU's venture capital landscape means that many startups struggle to grow beyond early development stages. STEP provides equity funding at a critical moment, allowing companies to expand their operations, scale production, and enter global markets.
  2. Reducing Reliance on Non-EU Technologies: Europe has become increasingly dependent on technology imports, particularly in areas like semiconductors, cloud computing, and clean energy technologies. The STEP programme seeks to reduce this dependency by supporting homegrown companies that can develop and manufacture these technologies within Europe.
  3. Attracting Private Investment: STEP requires companies to secure at least 20% of their funding from private investors, ensuring that public funds are used alongside market-driven capital. This co-investment approach helps attract venture capital firms, institutional investors, and corporate partners to Europe's innovation ecosystem.
  4. Strengthening Europe's Position in Global Innovation: By supporting European companies in strategic sectors, STEP aims to position the EU as a leader in emerging technologies rather than a consumer of foreign innovations.

Funding and Investment Mechanism

The STEP Scale-Up Programme operates as an equity-focused funding scheme within the EIC. Unlike traditional grant funding, STEP invests directly in companies through equity or quasi-equity instruments:

  • Equity investments range from €10 million to €30 million per company.
  • The total budget for 2025 is €300 million, with plans to expand to €900 million by 2027.

Co-Investment Requirement

To qualify for STEP funding, applicants must secure at least 20% of their funding round from a qualified private investor. This means that if a company seeks €20 million, it must first obtain €4 million from private investors before the EU steps in with additional equity support.

The STEP Seal

One unique feature of the programme is the STEP Seal, awarded to projects that pass the EIC’s rigorous evaluation process. Companies with the STEP Seal gain:

  • Access to alternative funding sources (e.g., national innovation agencies and private investors).
  • Business acceleration services to help scale internationally.
  • Increased credibility with potential co-investors.

Who Can Apply?

Startups, SMEs, and Small Mid-Caps (up to 499 employees):

  • Established within a Member State or an Associated Country.
  • An investor may submit a proposal on behalf of an eligible SME or small mid-cap as defined above.

This scheme targets companies seeking major funding rounds, requiring proof of initial market interest from a qualified investor covering at least 20% of the total target funding round.

Sectors of Focus 

  • Digital technologies (AI, semiconductors, quantum computing, cybersecurity)
  • Clean energy and sustainability solutions
  • Advanced healthcare and biotech innovations
  • Space technologies and robotics

For more detailed information on the sectors of focus, see the Guidance Note on STEP.

Application Process

The STEP Scale-Up Programme has an ongoing application process, with funding rounds every three months.

Step 1: Submission your proposal

  • a full business plan, including information on the company’s ownership and financial structure, STEP related objectives (maximum 50 pages).
  • a pitch-deck in PDF (15 pages maximum).
  • a pre-commitment from a qualified investor.
  • an ownership control declaration.
  • If your application meets the eligibility requirements, you will be invited to attend a jury interview.

You will be informed about the interview in 4-6 weeks from the start of the evaluation process.

EIC Jury Interview

  • At the interview, you will be assessed by a Jury of maximum six members.
  • You will be informed about the result of the interview in 2 weeks from the date of the interview.

Companies, irrespective of whether they are retained for funding or not, that meet all evaluation criteria will be awarded the Sovereignty Seal and gain access to Business Acceleration Services.

Furthermore, if your proposal does not meet the criteria, you will receive feedback to help improve future applications.

For the full EIC STEP Up Call, please see the EIC work programme 2025 (pages 96-105).

You can access the full EIC STEP Scale Up Call Submission Guidance here.

by Dayne Hodgson