Grant and funding opportunities for companies in the Cambridge Norwich Tech Corridor
Grant funding is vital to many businesses in the region, and here we highlight some of the programmes and competitions currently open to ambitious tech firms.
Pioneering energy projects
Innovate UK, part of UK Research and Innovation, has teamed up with energy and services firm ENGIE to support projects working on the transition to clean energy.
The £4 million competition will fund innovative projects that decarbonise, digitise and decentralise (find ways to generate power off the main grid) energy, and help achieve a sustainable transition to cleaner energy.
Successful projects will receive a combination of government grants from Innovate UK, and private investment from ENGIE. For the first time in an Innovate UK programme, the private funding will be from overseas.
Ian Meikle, director for clean growth and infrastructure at Innovate UK, said: “We are seeking the very best of British ideas in clean growth innovation. By teaming up with ENGIE we can multiply our funding and do even more to grow the industries, businesses and jobs of tomorrow by bringing in the private sector at an earlier stage through this investment accelerator programme.
Partner with Singapore on disruptive projects
A share of £1 million is available for partnerships between the UK and Singapore which develop disruptive and game-changing innovations in a variety of fields. The funding is available through Innovate UK and the EUREKA Network. EUREKA is an intergovernmental network, bringing together 41 member states to facilitate wider international cooperation and innovation.
The competition aims to support the development of collaborative research and development projects between the UK and Singaporean companies. Although the competition scope is open to any sector, applications are particularly encouraged in:
- Medical technology
- Smart mobility and logistics
- Advanced manufacturing
Projects must be collaborative, including at least one business from Singapore and one from the UK, independent from each other, and show:
- A clear game-changing, disruptive and innovative idea leading to new products, processes or services
- A strong and deliverable business plan that demonstrates awareness of market potential and needs
- A clear route to market within 2 to 3 years of project completion
Business events growth programme
The Business Events Growth Programme (formerly known as the Event Support Programme) forms part of Government’s commitment to build the business events sector, supporting the attraction of international business events which align with the Government’s priority industry sectors, and growing the international profile of business events in the UK.
VisitBritain has been tasked by Government to promote business event tourism through the establishment of a Business Events Growth Programme for winning international events to the UK, and developing and internationalising growth events already in the UK.
Grants of up to £20,000 are available to support two different types of events:
- Bid Enhancement & Support for the winning of new international business events for the UK (formerly Live Bids)
- International Delegate Growth to support the growth of existing business events in the UK (formerly Internationalising Growth Events)
UK-US disruptive composites projects
Organisations can apply for a share of £1.7 million to work with US partners to develop game-changing international projects in the composites sector.
Composites such as carbon fibre have propelled progress in the aerospace and automotive sectors, and many Tech Corridor firms, including the likes of Hethel-based Lotus and Hingham’s Mirus Aircraft Seating, work at various points of the composites supply chain.
Innovate UK and the US-based Institute for Advanced Composites Manufacturing Innovation (IACMI), under UK Research and Innovation’s (UKRI) Funding for International Collaboration programme, have identified several priority areas of growth. In this competition, up to £1.7m is available for international projects to develop disruptive technologies in the global composites market.
The competition will enable collaborative research and development projects between the UK and US within the composites sector that can produce a new product, industrial process or service. Projects must be disruptive, involve a technological risk and reach large international markets.
Areas projects can focus on include:
- sheet moulding compounds reinforced with carbon fibre
- non-destructive testing tools for automotive manufacturing
- development of automotive grade carbon fibre-reinforced polymers
- closing the loop on automotive carbon fibre prepreg manufacturing scrap
Innovate UK smart grants
The generous folk at Innovate UK also have a £25m pot to deliver ambitious or disruptive R&D innovations with significant potential for impact on the UK economy.
Smart is the new name for Innovate UK’s ‘Open grant funding’ programme. It will make awards to the best game-changing, innovative or disruptive ideas with a view to commercialisation
All proposals must be business focused, rather than pure research. Applications can come from any area of technology (including arts, design, media or creative industries), science or engineering and be applied to any part of the economy.
Do you run a grant funding programme businesses in the Tech Corridor should know about? Email firstname.lastname@example.org and we’ll promote it via our channels.