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

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