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

Eureka's 7 Innovation Programmes for UK Businesses

Eureka is an intergovernmental network established to enhance international cooperation in research and development (R&D) across various sectors. For small and medium sized enterprises (SMEs) in the United Kingdom, Eureka offers seven distinct programmes designed to foster innovation, collaboration, and market expansion. These programmes provide UK organisations with opportunities to engage in international R&D projects, access funding, and connect with global partners.

  1. Eurostars

Eurostars is Eureka's flagship programme aimed at supporting innovative SMEs engaged in R&D activities. The programme facilitates international collaboration by funding transnational projects led by R&D-performing SMEs. To be eligible, a consortium must include at least two independent entities from two different participating countries, with the project led by an innovative SME from a Eurostars country. The project should focus on developing a product, process, or service intended for commercialisation within 36 months. UK participants can receive national funding through Innovate UK, and partners will receive funding through their respective national agencies. Other eligibility criteria can be found here.

  1. Clusters

Eureka Clusters are industry-driven, strategic initiatives that focus on developing technologies crucial for European competitiveness. These long-term programmes involve large companies, SMEs, universities, and research organisations collaborating on R&D projects. Clusters cover various sectors, including information and communication technologies (ICT), energy, and biotechnology. For UK entities, participating in Clusters offers access to a vast network of international partners and potential funding opportunities. The 5 on-going Clusters include CELTIC-NEXT (telecommunications), ITEA (software innovation), and EUROGIA (low-carbon energy technologies), SMART (Advanced manufacturing), and Xecs (Electronics Components and Systems and applications).

  1. Network Projects

Network Projects provide a flexible framework for organisations to collaborate on international R&D initiatives across any technological area. There are no predefined themes, allowing participants to propose projects that align with their strategic interests. UK organisations can initiate or join consortia with partners from Eureka member countries to develop innovative products, processes, or services. Funding and support are accessible through Innovate UK, facilitating the growth and competitiveness of UK businesses in the global market.

  1. Globalstars

Globalstars is a programme that extends Eureka's collaborative framework beyond its member countries by launching calls for projects with specific non-Eureka countries. These targeted calls aim to foster international R&D cooperation and open new markets for participants. UK entities can engage in Globalstars calls to collaborate with partners in countries such as Brazil, India, Japan, and Singapore. This programme provides opportunities to access new technologies, expertise, and funding sources, enhancing the global reach of UK innovations.

  1. Innowwide

Innowwide is designed to support innovative SMEs in assessing the viability of their research or commercial ambitions in international markets. The programme offers grants of €60,000 to conduct Viability Assessment Projects (VAPs), which help SMEs understand market needs, local conditions, and potential barriers in target countries. For UK SMEs, Innowwide provides a pathway to explore and prepare for successful market entry and collaboration in diverse global regions.

  1. Investment Readiness

The Investment Readiness programme connects startups and SMEs with corporate venturing teams and investors. Participants can engage in international missions and corporate activities designed to enhance their investment appeal and facilitate growth. For UK entities, this programme offers opportunities to pitch to potential investors, receive mentorship, and gain insights into scaling businesses internationally. By participating, UK companies can improve their readiness to attract investment and expand their operations in global markets.

  1. Fast Track to the EIC Accelerator

The Fast Track to the European Innovation Council (EIC) Accelerator is a programme that allows innovative SMEs to skip the first step of the EIC Accelerator application process. Participants benefit from expert feedback on their project ideas and have the opportunity to practice live pitches. This streamlined approach accelerates access to substantial EU funding and support. For UK SMEs, participating in this programme can expedite the development and scaling of high-impact innovations, providing a competitive edge in the European market.

For more information on any of the above, or to discuss your project idea, contact RedKnight today.

by Dayne Hodgson

IHI launches €191m applicant-driven call for proposals

On 16th January 2025, the Innovative Health Initiative (IHI) unveiled two significant funding opportunities: IHI Call 9 and IHI Call 10. Collectively, these calls represent a substantial investment in health research and innovation, with a combined budget of approximately €261 million. This funding is sourced from Horizon Europe, the European Union's research and innovation program, and is matched by contributions from Europe's health industries.

IHI Call 9: Embracing an Applicant-Driven Approach

IHI Call 9 introduces a novel, applicant-driven model, marking a departure from previous IHI calls where specific challenges were predefined. In this call, applicants are invited to explore the IHI Strategic Research and Innovation Agenda (SRIA) to identify opportunities and develop proposals that align with its objectives. This approach empowers researchers and innovators to propose projects that address unmet public health needs through large-scale, cross-sector public-private partnerships. Proposals should clearly articulate their anticipated impacts on society, the economy, and science, while adhering to IHI's pre-competitive framework.

Niklas Blomberg, IHI's Executive Director, emphasised the transformative potential of this approach:

“With IHI Call 9, we are really pioneering a novel, more open way of identifying high-impact projects. We expect that this applicant-led approach will deliver transformative projects exploring areas of health research that we haven't looked at so far, and bring in organisations that are not yet part of our community.”

The total investment for Call 9 is €191 million. As a single-stage call, applicants must collaborate with appropriate industry partners to ensure that half of their project's costs are covered by in-kind contributions from IHI's industry members and, if applicable, IHI contributing partners.

IHI Call 10: Targeted Topics in Health Innovation

Concurrently, IHI launched Call 10, a two-stage call for proposals focusing on three critical areas:

  1. Reducing PFAS in the Health Sector

    Per- and poly-fluoroalkyl substances (PFAS) are synthetic chemicals integral to various healthcare products, including medicines, medical devices, packaging, and cleaning agents. However, due to their persistence in the environment and potential health risks, there is a growing need to minimise their use. This topic aims to investigate viable alternatives to PFAS and, where replacement isn't feasible, explore strategies to reduce exposure and emissions while maintaining product quality and safety.

  2. Advancing the European Health Data Space (EHDS)

    The EHDS initiative seeks to unlock the potential of safe and secure exchange, use, and reuse of health data within the EU. This topic focuses on developing frameworks, recommendations, and tools to support the EHDS's implementation, particularly concerning the reuse of data for research purposes. The goal is to build trust among stakeholders and create a secure, collaborative ecosystem that optimizes data use and facilitates research advancements while protecting intellectual property.

  3. Implementing Digital Labels for Medical Devices

    As medical devices become more compact, the amount of information required on printed labels has increased, often leading to user difficulties in accessing and reading essential details. This topic aims to establish a digital labeling concept applicable to all types and classes of medical and in vitro devices. By enabling users to access up-to-date, targeted information via digital means, such as scanning a QR code, this initiative seeks to enhance user experience and reduce the environmental impact associated with extensive printed materials.

The total budget allocated for the three topics under IHI Call 10 is nearly €70 million, equally funded by Horizon Europe and contributions from IHI industry members and contributing partners.

Application Process and Deadlines

For IHI Call 9, being a single-stage call, applicants are required to submit full proposals by 29th April 2025. In contrast, IHI Call 10 follows a two-stage process, with short proposals due by 23rd April 2025. Detailed information on application procedures, eligibility criteria, and evaluation processes can be found on the IHI website.

About the Innovative Health Initiative (IHI)

The IHI is a public-private partnership between the European Union and European industry associations representing the pharmaceutical, medical technology, biotechnology, digital health, and vaccine sectors. Its mission is to translate health research and innovation into tangible benefits for patients and society, ensuring that Europe remains at the forefront of interdisciplinary, sustainable, patient-centric health research. By supporting projects that foster collaboration across diverse sectors, IHI aims to pave the way for a more integrated approach to healthcare, encompassing prevention, diagnosis, treatment, and disease management.

These new calls underscore IHI's commitment to fostering innovation in health research by encouraging collaborative efforts that address pressing public health challenges and leverage the strengths of both public and private sectors.

by Dayne Hodgson

Innovation Loans: Fueling Future Growth

Innovate UK has announced the launch of its Innovation Loans Future Economy Competition: Round 19, offering up to £25 million in loans to UK-registered micro, small, and medium-sized enterprises (SMEs). This initiative aims to support highly innovative late-stage research and development (R&D) projects that demonstrate strong commercial potential and the capacity to significantly benefit the UK economy.

Key Details of the Competition

  • Loan Amounts: Businesses can apply for loans ranging from £100,000 to £2 million to cover eligible project costs.
  • Project Duration: Projects may last up to five years, encompassing both the R&D and commercialisation phases. Successful applicants are expected to commence their projects by 1st July 2025.
  • Application Timeline: The competition opened on 9th January 2025 and will close on 5th March 2025 at 11:00 am. Subsequent rounds are planned, with Round 20 opening on 6 March 2025 and closing on 7 May 2025.

Eligibility Criteria

To be eligible for the innovation loan, applicants must:

  • Business Status: Be a UK-registered SME.
  • Project Scope: Propose a project that leads to innovative new products, processes, or services significantly ahead of current market offerings, or present an innovative application of existing products, processes, or services. Projects can also involve new or innovative business models. The focus should align with one or more of the future economy areas outlined in the Innovate UK plan for action.
  • Financial Justification: Demonstrate a clear need for public funding, the ability to cover interest payments, and the capacity to repay the loan on time.

Application Process

Applicants are required to submit a comprehensive proposal detailing the business need, technological challenge, or market opportunity their innovation addresses. The proposal should include:

  • Project Motivation: Clearly articulate the main motivation for the project, including the business need, technological challenge, or market opportunity it responds to.
  • Innovation and Market Differentiation: Describe how the project will lead to products, processes, or services that are significantly ahead of others currently available, including an understanding of the current state of the art and how the innovation will differentiate from competitors.
  • Commercialisation Strategy: Outline the route to market, target customers or end-users, and how the innovation will lead to commercial success, including increased revenues or cost reductions.
  • Project Management and Risk Mitigation: Provide a detailed project plan, including work packages, milestones, and a risk register identifying main risks and uncertainties, along with mitigation strategies.

Applicants must also complete a business and financial submission, including historic and forecast financial statements, to support their suitability to borrow. This includes profit and loss accounts, balance sheets, and cash flow forecasts covering the full loan term.

Assessment and Evaluation

Applications will be evaluated based on the quality of the project and the suitability of the business to receive a loan. The assessment process includes:

  • Project Proposal Assessment: Independent assessors will score each question in the project proposal, focusing on aspects such as innovation, market opportunity, project management, and value for money.
  • Initial Credit Evaluation: Innovate UK's Credit team will conduct an initial evaluation of the business's financial standing and ability to repay the loan.
  • Progress Panel: A panel will review the innovation score and credit evaluation to decide on progression to detailed credit evaluation.
  • Detailed Credit Evaluation: A thorough analysis of the business's financials, including a management presentation to the Credit Committee, may be required.

The final lending decision rests with the Credit Committee, which may include specific conditions. Feedback will be provided to all applicants, whether successful or unsuccessful.

Support and Resources

Innovate UK offers various resources to assist applicants, including recorded webinars on application guidance and financial submission. Applicants are encouraged to prepare well in advance, seek financial and legal advice, and ensure all parts of the application are completed accurately and submitted on time.

For more information on the competition process, contact RedKnight today.

by Dayne Hodgson

AgriFood Innovation Showcase 2025

The AgriFood Innovation Showcase 2025, themed "Building a Sustainable Food System," is set to take place on 6th March 2025 in Birmingham. This event aims to bring together innovators, stakeholders, and experts to inspire sustainable solutions, drive collaboration, and shape a healthier, nature-positive food system.

The Significance of the UK Food and Drink Industry

The UK food and drink industry is a cornerstone of the nation's £120 billion farm-to-fork food chain. As the largest manufacturing sector, it contributes £29 billion to the economy and employs approximately 440,000 individuals. However, the industry faces pressing challenges, including environmental sustainability, health concerns, and the need for innovation to ensure a resilient and safe food system that delivers healthier, affordable food.

Who Should Attend?

This event is designed for stakeholders, individuals, and organisations involved at all stages of the food and drink supply chain. Whether you're an innovator seeking to introduce new technologies, a manufacturer aiming for sustainable practices, or a retailer focusing on healthier product offerings, the showcase offers valuable insights and networking opportunities. It's an unmissable occasion for those committed to driving change and shaping the future of this critical sector.

Why Attend?

Attendees will benefit from:

  • Cross-Sector Collaboration: Engage with a diverse community to exchange ideas, forge strategic partnerships, and explore innovation opportunities.
  • Showcasing Pioneering Products and Technologies: Companies and innovators will present their groundbreaking products and technologies, providing attendees the chance to connect with key industry players, investors, and potential future partners.
  • Insights into Funding and Support: Learn about the benefits and impact of working with Innovate UK and Innovate UK Business Connect, including available products and services.
  • Facilitated Discussions: Participate in discussions around adopting existing innovative technologies to support the 'net zero journey' in agriculture and food production.
  • Supply Chain Connectivity: Connect with various parts of the supply chain to support innovation across its components.
  • Research and Development Prioritisation: Identify priority areas for research and development to address current challenges.
  • Showcasing Funded Projects: Explore Innovate UK/UKRI funded projects and discover opportunities for further innovation.
  • Networking Opportunities: Establish new connections and engage in innovative discussions to work better together.

Event Highlights

The showcase will feature several key sessions:

  • Healthy Living and Agrifood System Session: Speakers will share insights on innovation projects that address and impact this area.
  • Net Zero Session: Discussions on retailers' and manufacturers' needs around net zero and the challenges they seek solutions for.
  • Technologies Session: Experts and innovators will discuss advances in relevant technologies.
  • SME Marketplace: An exhibition featuring SMEs, short pitch sessions, and networking opportunities.
  • Business Support Zone: Information on available industry support.
  • Funding Opportunities: Details on relevant funding opportunities for the sector that are live or upcoming.
  • Cross-Industry Collaboration: Opportunities for the cross-pollination of ideas and sparking new innovations.
  • Networking: Facilitated introductions and innovation exchanges.

To register your place at the event, click here.

by Dayne Hodgson