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

UK Innovation Funding Trends for 2025

The UK innovation funding landscape in 2025 promises to be a dynamic and exciting environment, shaped by significant public and private investments. As the UK government continues to prioritise research and development (R&D) to drive economic growth, enhance sustainability, and bolster technological advancement, innovators across various sectors can expect a range of opportunities to secure critical funding.

 Strategic Focus Areas for 2025

In its strategic delivery plan, Innovate UK has identified three primary domains for funding in 2025: Net Zero Innovation, Healthy Living and Agriculture, and Digital & Emerging Technologies. These areas are designed to address global challenges while positioning the UK as a leader in innovation.

  1. Net Zero Innovation

With over £1.2 billion committed to supporting innovations that contribute to achieving net-zero carbon emissions by 2050, the UK government is keen to accelerate the green transition. Key areas of focus include:

  • Clean Energy Technologies: Investment in renewable energy sources such as wind, solar, and hydrogen is a top priority. Additionally, funding will support advancements in energy storage solutions to enhance grid reliability.
  • Carbon Capture and Storage (CCS): Projects aimed at capturing and storing carbon emissions from industrial processes will receive significant support.
  • Decarbonising Transportation: The government is investing heavily in electric vehicles (EVs), sustainable aviation fuels, and hydrogen-powered transport to reduce reliance on fossil fuels.
  • Sustainable Construction: Funding will also target innovations that improve energy efficiency in buildings, including retrofitting older structures and developing smart city infrastructure powered by sustainable energy.
  1. Healthy Living and Agriculture

The Healthy Living and Agriculture domain focuses on improving public health, advancing agricultural practices, and ensuring food security. Key initiatives include:

  • Medical Technologies and Pharmaceuticals: Funding is directed toward developing personalised medicine, advanced diagnostics, and treatments for chronic and infectious diseases.
  • Digital Health Solutions: The integration of artificial intelligence (AI) and data analytics into healthcare systems is a critical area of investment, aimed at improving patient outcomes and reducing healthcare costs.
  • Sustainable Agriculture: Projects that enhance crop yields, reduce environmental impacts, and promote sustainable farming practices will receive significant backing.
  • Food Security: Innovations in climate-resilient crops, alternative proteins, and efficient water usage are crucial to addressing global food supply challenges.
  1. Digital & Emerging Technologies

Digital transformation is at the heart of the UK’s innovation strategy. To maintain global competitiveness, the government is prioritising investments in:

  • Artificial Intelligence (AI): Responsible AI development and adoption across industries are key priorities. This includes funding for AI-driven solutions in healthcare, finance, and manufacturing.
  • Quantum Computing: The UK aims to lead in quantum technologies, supporting projects that push the boundaries of computing power, cryptography, and materials science.
  • Cybersecurity: Enhancing digital security and protecting critical infrastructure are vital to ensuring the integrity of the country’s digital economy.
  • Advanced Manufacturing: Funding will support the adoption of Industry 4.0 technologies, including robotics, 3D printing, and the Internet of Things (IoT).
  • Creative Industries: Recognising the potential of the creative sector, investments will focus on digital content creation, immersive media technologies, and gaming.

Major Funding Competitions and Opportunities

In addition to strategic focus areas, several major funding competitions are open or expected to open in 2025, providing opportunities for businesses and research organisations to secure essential financial support. Here are just a few examples of what’s available:

  1. Innovate UK Smart Grants

Total Funding: Up to £1 million

Eligibility: UK-registered businesses, including micro, small, and medium enterprises (SMEs), as well as research organisations working in collaboration with businesses.

Scope: The Smart Grants competition is designed to support game-changing and commercially viable R&D projects across any sector. Successful applications typically demonstrate a clear potential for significant economic impact, job creation, and technological advancement.

  1. Innovation Loans Future Economy Competition

Total Funding: Up to £2 million

Eligibility: UK-registered SMEs with late-stage R&D projects that have a clear route to market.

Loan Terms: Loans range from £100,000 to £2 million, with fixed interest rates and repayment periods of up to seven years.

Focus: This competition targets businesses that need financial support to bridge the gap between late stage R&D and commercial success. Eligible projects include those focused on scaling production, completing final testing, or obtaining regulatory approval.

  1. Innovate UK Biomedical Catalyst Competition

Total Funding: Up to £30 million

Eligibility: UK-registered SMEs and research organisations developing innovative solutions in the biomedical sector.

Focus: This competition supports the development of new healthcare technologies, with a particular emphasis on novel therapeutics, medical devices, and diagnostics.

  1. Collaborative R&D: Creative Catalyst

Total Funding: Up to £200,000

Eligibility: UK-registered SMEs in the creative industries, particularly those working on innovative digital content, immersive technologies, or tools for film, television, and gaming.

Scope: This competition aims to develop commercially viable products that enhance the UK’s creative sector. Collaborative projects involving multiple partners are encouraged.

  1. Knowledge Transfer Partnership (KTP): 2024 to 2025 Round 5

Total Funding: Up to £9 million

Eligibility: UK-registered academic institutions, research organisations, or Catapults collaborating with businesses.

Scope: KTPs aim to transfer knowledge from academia to industry, helping businesses innovate and grow. Projects typically involve hiring a graduate (KTP Associate) to work on a specific innovation project within the business.

  1. ATI Programme Strategic Batch

Eligibility: Open to UK-registered businesses and collaborations in aerospace research or technology development.

Focus: This programme supports projects aligned with the UK Aerospace Technology Strategy, aimed at enhancing the competitiveness of the civil aerospace sector.

Other than Innovate UK

Here are other available funding sources outside of Innovate UK:

  1. NIHR (National Institute for Health Research)

Total Funding: Varies by competition

Eligibility: Open to academic researchers, NHS organizations, charities, and businesses involved in healthcare innovation.

Scope: The NIHR offers a range of funding opportunities, including programs focused on applied health research, global health research, and infrastructure support. Key initiatives include the Health Technology Assessment (HTA) programme, Efficacy and Mechanism Evaluation (EME) programme, and Invention for Innovation (i4i) programme.

  1. Water Innovation Competitions

Funding: Part of a £300 million fund for 2025-2030

Eligibility: Water companies and their partners working on cross-sector collaborations to address challenges in the water industry.

Focus: Projects should aim to improve water efficiency, sustainability, and resilience.

  1. UK Games Fund

Funding: Part of a £5 million extension announced in 2023

Eligibility: UK-based independent game development companies

Focus: Supporting early-stage game development through prototype funding and talent development initiatives.

  1. Advanced Research and Invention Agency (ARIA) Funding Opportunities

Total Funding: £800 million over four years

Eligibility: Open to high-risk, high-reward projects from innovators across all sectors.

Scope: ARIA focuses on ambitious and potentially transformative projects that traditional funding bodies might consider too risky. The agency operates with a high level of autonomy and minimal bureaucracy, enabling it to fund breakthrough innovations quickly.

Focus: Supporting disruptive technologies and novel scientific discoveries that could lead to significant advancements in areas such as energy, healthcare, and advanced materials.

  1. Defence and Security Accelerator (DASA) Funding Opportunities

Total Funding: Varies by competition

Eligibility: Open to businesses, academics, and innovators working on defence and security solutions.

Scope: DASA runs multiple competitions throughout the year, seeking innovative solutions to complex defence and security challenges. Key areas include surveillance, AI for defence, autonomous systems, and cyber resilience.

Focus: Supporting projects that enhance the safety and effectiveness of the UK's armed forces and security services, with an emphasis on rapid development and deployment of cutting-edge technologies.

  1. Welsh Government's Smart FIS Programme

Total Funding: Up to £225,000

Eligibility: Open to Welsh SMEs and research organisations developing innovative solutions in priority sectors.

Scope: The Smart Flexible Innovation Support (Smart FIS) programme offers financial support for R&D projects with high commercial potential. The programme encourages collaborative projects and aims to enhance innovation capacity in Wales.

Focus: Supporting projects in sectors such as advanced manufacturing, energy, healthcare, and digital technologies, with a particular emphasis on boosting regional economic growth.

Emerging Trends in Innovation Funding

Several broader trends are shaping the UK’s innovation funding environment in 2025:

  1. Public-Private Partnerships: The government is increasingly leveraging public-private partnerships to maximise the impact of innovation funding, particularly in large-scale projects.
  2. Regulatory Innovation: The newly established Regulatory Innovation Office aims to streamline regulatory processes for emerging technologies, making it easier for innovators to bring products to market.
  3. Climate Finance: With a growing emphasis on green investment, initiatives like the National Wealth Fund and GB Energy are expected to play a crucial role in mobilising private capital for renewable energy projects.
  4. Skills Development: Addressing the decline in STEM graduates, the UK government is likely to introduce new initiatives aimed at fostering a robust talent pipeline to support future innovation.

Whether you’re a UK start-up looking to scale or an established business seeking to develop new technologies, 2025 will hopefully provide ample opportunity to support your growth ambitions.

by Dayne Hodgson

EIC Summit 2025 - Save the Date

The European Innovation Council (EIC) is set to host its fourth annual summit on the 2nd and 3rd April 2025, at the historic Tour & Taxis venue in Brussels. This flagship event serves as a central hub for innovators, researchers, policymakers, and investors across Europe, fostering collaboration and showcasing groundbreaking advancements in technology and business.

 

Event Overview

The EIC Summit 2025 is structured over two days, each tailored to distinct audiences and objectives:

  • Day 1: 2nd April 2025
    • Focus: Exclusively dedicated to EIC beneficiaries.
    • Activities: A series of workshops, pitching sessions, and networking opportunities designed to support and accelerate the growth of EIC-funded projects and companies.
  • Day 2: 3rd April 2025
    • Focus: Open to the public.
    • Activities: Engaging discussions and fireside chats covering a broad spectrum of topics relevant to innovation, entrepreneurship, and technology policy.

 

Throughout both days, attendees will have ample opportunities to network and explore an exhibition featuring a diverse array of EIC-supported projects, providing insights into the latest innovations poised to impact various industries.

 

Significance of the EIC Summit

The EIC Summit has established itself as a pivotal event in Europe's innovation landscape. It brings together high-growth startups, small and medium-sized enterprises (SMEs), researchers, corporate leaders, and investors, creating a dynamic environment for knowledge exchange and partnership formation. The summit also serves as a platform for the EIC to announce new initiatives, funding opportunities, and policy directions that shape the future of European innovation.

 

What to Expect

Participants can look forward to:

  • Workshops: Interactive sessions offering practical guidance on topics such as intellectual property rights, investment strategies, and scaling businesses.
  • Pitching Sessions: Opportunities for startups and innovators to present their ideas to potential investors and partners, facilitating access to funding and collaborative ventures.
  • Panel Discussions and Fireside Chats: Conversations with industry experts, policymakers, and successful entrepreneurs discussing current trends, challenges, and opportunities in the innovation ecosystem.
  • Exhibition: A showcase of cutting-edge projects funded by the EIC, highlighting technological advancements across various sectors.

 

Networking Opportunities

The summit's design emphasises networking, providing structured and informal settings for attendees to connect. This environment encourages the formation of strategic partnerships, investment opportunities, and collaborative research endeavours, all crucial for driving innovation forward.

 Venue: Tour & Taxis

Located in Brussels, Tour & Taxis is a historic site that has been repurposed into a modern event space, blending architectural heritage with contemporary facilities. Its central location and unique ambiance make it an ideal venue for hosting an event of this magnitude.

Stay Informed

As the event approaches, additional details, including registration information, agendas, and speaker announcements, will be made available. Interested parties are encouraged to stay updated by following the EIC on social media platforms such as X (formerly Twitter) and LinkedIn.

 

 

by Dayne Hodgson

Proposal preparation grants for 2024 and 2025 calls

Innovate UK and the British Academy have funding schemes open for Horizon Europe Pump Priming Grants, to enable SMEs, research organisations and universities in the UK build partnerships and develop proposals. If you are planning a submission to a 2024 or 2025 Horizon Europe call, one of these schemes may support the development of your proposal.

Innovate UK Horizon Europe Pump Priming
UK SMEs can apply for a grant of up to £5000 (Ex-VAT) to help them in their preparation for submitting a Horizon Europe proposal for a collaborative opportunity. This could be used to fund attendance at networking events, to contribute to the cost of joining associations and other activities that are solely directed at future Horizon Europe participation. Note that if you have already received an Innovate UK Pump Priming grant you will not be able to apply for another in this round. The closing date for applications is 17th January 2025 and the final date on which claims can be made for payment is 17th February 2025.

British Academy Horizon Europe Pump Priming
Principal Investigators (PIs) at universities and research institutions can apply for a grant of up to £10,000 to help them in their preparations for submitting a Horizon Europe proposal for Pillar 2 of Horizon Europe – Global Challenges and European Industrial Competitiveness. All of the details such as eligibility, closing dates, etc., are published on the British Academy website and any questions about this scheme should be addressed directly to them.

by Dayne Hodgson

EU and Japan Enter Negotiations for Horizon Europe Association

On 29th November 2024, the European Union (EU) and Japan commenced formal negotiations to integrate Japan into Horizon Europe, the EU's flagship research and innovation programme. This move represents a significant step forward in deepening international scientific collaboration and highlights the global importance of cooperative research in tackling shared challenges. By exploring Japan's association with Horizon Europe, both parties aim to create a mutually beneficial framework for advancing scientific excellence and innovation.

What is Horizon Europe?
Horizon Europe is the EU's most ambitious research and innovation programme to date, with a budget exceeding €95.5 billion for 2021–2027. It succeeds Horizon 2020 and is structured around three key pillars:

  1. Excellent Science: Supporting top-tier researchers and frontier science through grants and scholarships.
  2. Global Challenges and European Industrial Competitiveness: Tackling pressing global issues such as climate change, health, and digital transformation.
  3. Innovative Europe: Boosting Europe's innovation potential by bridging the gap between research and market-ready products or solutions.

As the cornerstone of the EU's research agenda, Horizon Europe facilitates cross-border collaboration, driving breakthroughs that are often unattainable through isolated efforts.

The Context of EU-Japan Cooperation
Japan and the EU share a longstanding history of collaboration in science and technology. This relationship is built on mutual respect and a shared vision of addressing global challenges through innovative solutions. Over the years, their partnership has flourished in areas such as climate action, health sciences, renewable energy, and digital technologies.

Under Horizon 2020, the EU's previous research framework, Japanese organisations actively participated in 176 projects, contributing their expertise to collaborative research efforts. This history sets a strong precedent for Japan's potential association with Horizon Europe.

Why is This Association Significant?
The negotiations are focused on Japan's association with Pillar II of Horizon Europe, which is dedicated to addressing global challenges. By joining this pillar, Japanese researchers and institutions will have the opportunity to:

  • Participate in multinational research consortia.
  • Lead and coordinate joint projects with EU partners.
  • Access funding and resources from the Horizon Europe programme.

This agreement would enable Japan to contribute directly to large-scale, multidisciplinary research initiatives designed to tackle issues like climate change, health crises, digital innovation, and sustainable development.

A Strategic Milestone for Japan and the EU
The association negotiations align with broader strategic objectives for both Japan and the EU.

  • For the EU: This move reinforces its commitment to fostering global partnerships in research and innovation, ensuring that Europe remains a hub for scientific excellence. By collaborating with leading global innovators like Japan, the EU strengthens its position in tackling complex global challenges.
  • For Japan: Associating with Horizon Europe provides Japanese researchers with access to one of the world's most prestigious and well-funded research platforms. It also allows Japan to integrate more deeply into global research networks, expanding its influence and leveraging international expertise.

Shared Goals: Addressing the Green and Digital Transitions
Iliana Ivanova, the European Commissioner for Innovation, Research, Culture, Education, and Youth, highlighted the importance of this collaboration:

"The opening of the negotiations on the association of Japan to Horizon Europe marks a step change in our cooperation. For both EU and Japan, research and innovation are key to ensuring competitiveness and achieving the green and digital transitions. Together, we will be able to reach them faster and find solutions to the world’s most pressing challenges."

The green transition involves achieving carbon neutrality by mid-century, a goal shared by both Japan and the EU. Collaborative projects in renewable energy, carbon capture, sustainable agriculture, and electric mobility are expected to play a pivotal role in reaching these objectives.

Similarly, the digital transition focuses on advancing artificial intelligence, data science, and cybersecurity. By pooling resources and expertise, Japan and the EU aim to lead in setting global standards for emerging technologies.

What Does Japan Stand to Gain?
Japan's association with Horizon Europe presents numerous advantages:

  1. Increased Collaboration: Japanese institutions will have greater opportunities to collaborate with European universities, research centres, and industries.
  2. Access to Funding: Japanese researchers can directly benefit from Horizon Europe's substantial financial resources, enabling them to pursue ambitious projects.
  3. Global Influence: Participating in EU-led initiatives enhances Japan’s visibility and influence in the global scientific community.
  4. Innovation Boost: Exposure to diverse perspectives and cutting-edge research can catalyse innovation within Japan's domestic research ecosystem.

Challenges and Considerations
While the potential benefits are substantial, several challenges must be addressed during the negotiation process:

  • Funding Mechanisms: Determining how Japanese contributions will align with Horizon Europe's funding model.
  • Regulatory Alignment: Ensuring that Japan’s research policies and intellectual property laws are compatible with EU standards.
  • Administrative Barriers: Streamlining the integration process to facilitate seamless collaboration between Japanese and European researchers.

These challenges highlight the need for careful planning and mutual understanding to make the association successful.

Building a Global Research Ecosystem
The EU's Horizon Europe programme has already established partnerships with other non-EU countries, including Canada, New Zealand, and South Korea. These associations demonstrate the EU’s commitment to fostering a global research ecosystem that transcends geographical boundaries. Japan's inclusion in this network would not only strengthen bilateral ties but also contribute to a more interconnected and collaborative global scientific community.

by Dayne Hodgson

Introducing The National Wealth Fund

The UK government has launched an ambitious initiative, the National Wealth Fund (NWF), aimed at revitalising its economic landscape. Building on the foundation of the UK Infrastructure Bank (UKIB), the NWF is designed to address pressing challenges in clean energy, industrial innovation, and regional economic disparities. With a total capitalisation of £27.8 billion and an expected mobilisation of over £70 billion in private investment, the fund stands as a cornerstone of the UK's economic growth and sustainability agenda.

A Catalyst for Change

The NWF operates as a government-backed impact investor, focusing on areas where private sector financing alone may fall short. By providing catalytic capital and leveraging a diverse range of financial instruments, including equity investments, guarantees, and blended finance solutions, the fund aims to unlock investments that align with the UK’s industrial strategy and climate goals.

Key sectors of focus include:

  • Green Hydrogen: Accelerating the transition to low-carbon energy sources.
  • Carbon Capture: Enabling significant reductions in industrial emissions.
  • Gigafactories: Supporting the production of batteries essential for electric vehicles.
  • Ports and Green Steel: Strengthening infrastructure and advancing sustainable industrial practices.

Strategic Goals

The NWF’s strategy is anchored on three primary principles:

  1. Stability: Creating a predictable environment that encourages long-term investments.
  2. Investment: Mobilising resources to fill critical gaps in infrastructure and technology development.
  3. Reform: Streamlining public financial institutions to better align with the needs of investors and project developers.

Through these principles, the fund aims to spur economic growth and ensure regional equity by engaging local governments, devolved administrations, and mayors in identifying and supporting impactful projects.

Governance and Operational Independence

The NWF operates at arm's length from the government, ensuring credibility and market confidence. HM Treasury oversees the fund, while day-to-day operations and investment decisions are managed independently. This structure is intended to strike a balance between strategic alignment with government priorities and operational flexibility.

Expanding Tools and Capabilities

The fund’s financial toolkit includes:

  • Debt Instruments: Offering tailored financing solutions to address liquidity issues.
  • Equity Investments: Supporting early-stage technologies and scaling up innovative projects.
  • Performance Guarantees: Mitigating risks in nascent sectors to encourage investor participation.
  • Blended Finance Solutions: Combining public and private resources to achieve broader policy objectives.

These instruments are complemented by a proactive outreach strategy to identify and structure innovative transactions in collaboration with industry leaders, local authorities, and other stakeholders.

Driving Regional Growth

A significant aspect of the NWF’s mission is its regional focus. By partnering with local leaders and aligning with regional growth plans, the fund aims to unlock the economic potential of cities and regions across the UK. This approach is intended to create jobs, foster innovation, and ensure that the benefits of investment are distributed equitably.

Impact and Accountability

To measure its success, the NWF will adopt a robust set of metrics that assess its economic impact, the additionality of its investments, and outcomes across targeted sectors. These metrics will guide the fund in achieving its mission while maintaining transparency and accountability to the public.

Future Outlook

The establishment of the NWF marks a pivotal moment in the UK’s economic strategy. By mobilising private investment and addressing critical infrastructure and industrial needs, the NWF aims to position the UK as a leader in innovation and sustainability. With its ambitious goals and comprehensive approach, the fund is set to play a transformative role in shaping the country’s economic future.

This initiative reflects a forward-looking vision for the UK, blending public and private efforts to build a more resilient, innovative, and equitable economy. As the NWF begins its operations, its impact will likely serve as a benchmark for how governments worldwide can partner with the private sector to achieve shared economic and environmental goals.

For more information, please visit https://www.ukib.org.uk/

by Dayne Hodgson

Taking a look at the Advanced Research and Invention Agency

The Advanced Research and Invention Agency (ARIA) represents a bold initiative by the UK government to revolutionise the nation's research and development (R&D) landscape. Established to fund high-risk, high-reward scientific endeavours, ARIA aims to propel the UK to the forefront of global innovation by empowering scientists and engineers to pursue groundbreaking projects that have the potential to yield significant societal and economic benefits.

Genesis and Mission
ARIA was formally established in January 2023 with an initial budget of £800 million, following the enactment of the Advanced Research and Invention Agency Act 2022. Inspired by the US Defense Advanced Research Projects Agency (DARPA), ARIA operates with a mandate to support ambitious research projects that traditional funding mechanisms might overlook due to their inherent risks. The agency's mission is to unlock scientific and technological breakthroughs that benefit everyone, recognising that many of society's most important advances have stemmed from those with the foresight to pursue new capabilities that most believed to be unattainable.

Operational Framework
ARIA distinguishes itself through a flexible and dynamic operational model. Unlike conventional funding bodies, it operates independently of UK Research and Innovation (UKRI) and is designed to function with minimal bureaucracy. This autonomy enables ARIA to swiftly allocate resources to emerging research areas and adopt innovative funding approaches, such as inducement prizes and rapid seed funding. The agency's structure is intentionally lean, allowing for agile decision-making and the ability to pursue unconventional research avenues.

Leadership and Governance
ARIA is led by CEO Ilan Gur, a physicist and entrepreneur with extensive experience in translating scientific research into market-ready technologies. Prior to joining ARIA, Gur founded Activate.org, a US-based organisation that empowers scientists and engineers to bring groundbreaking research to market. He also served as a program director at ARPA-E, the US Department of Energy's advanced research agency. Under his leadership, ARIA aims to challenge the traditionally cautious British science funding system by supporting pioneering projects considered too improbable by conventional standards.

The agency's governance structure includes a board of directors comprising distinguished figures from the scientific and business communities. Notably, Matt Clifford serves as the chair of ARIA. Clifford has been instrumental in bridging the gap between government and private companies in the development of cutting-edge technologies, particularly in the field of artificial intelligence (AI).

Funding Strategy
ARIA's funding strategy is centred on empowering scientists and engineers with the resources and freedom to pursue breakthroughs at the edge of the possible. The agency funds projects across the full spectrum of R&D disciplines, approaches, and institutions, seeking to unlock scientific and technological breakthroughs that benefit everyone.

The agency employs a variety of funding mechanisms to support its mission:

  • Programmes: ARIA's programmes are directed by Programme Directors, scientific and technical leaders with deep expertise and a focused, creative vision for how technology can enable a better future. These programmes are designed to tackle specific scientific or technological challenges and are the primary means through which ARIA directs its funding.
  • Opportunity Seeds: With smaller budgets and less structure than programmes, opportunity seeds support individual research teams to uncover new pathways that could inspire future programmes or might justify additional support as a standalone project. This approach allows ARIA to explore a diverse array of innovative ideas and identify promising research directions.

Current Initiatives

ARIA has launched several initiatives that exemplify its commitment to high-risk, high-reward research:

  • Programmable Plants: This initiative explores the potential of engineering plant genomes to address challenges such as food insecurity, climate change, and environmental degradation. By developing programmable plants, ARIA aims to secure a sustainable and thriving biosphere for future generations.
  • Safeguarded AI: Recognising the transformative potential of artificial intelligence, this programme focuses on developing technical solutions to ensure that powerful AI systems interact as intended. The goal is to usher in a new era for AI safety, allowing society to unlock the full economic and social benefits of advanced AI systems while minimising risks.
  • Robot Dexterity: This programme aims to transform robotic capabilities and unlock a step change in human productivity. By funding cutting-edge research across robotic hardware and advanced simulation, ARIA seeks to demonstrate a paradigm shift in robotic abilities, creating vastly more capable and useful machines.

Collaborative Approach
ARIA emphasises collaboration with a broad spectrum of stakeholders, including academic institutions, industry partners, and other research organizations. The agency engages openly and seeks feedback to refine its programmes and funding strategies. This inclusive approach ensures that ARIA remains responsive to emerging scientific opportunities and societal needs.

Challenges and Outlook
While ARIA's mission is ambitious, it faces challenges inherent in funding high-risk research, including the potential for failure in many of its funded projects. However, the agency embraces this risk, understanding that the pursuit of audacious goals can lead to transformative successes that outweigh the setbacks. By fostering a culture that tolerates failure as a pathway to innovation, ARIA aims to inspire the next generation of scientists and engineers to push the boundaries of what is possible.

For more information about ARIA, please visit their website here.

by Dayne Hodgson