Round 2 of the Sustainable Innovation Fund is now open for applications. Through Innovate UK, £26m is available for new projects focusing on sustainable economic recovery from COVID-19. The health pandemic has affected research and development across all sectors. Therefore, this competition aims to help all sectors of the UK rebuild, grow, and create new opportunities.
Your proposal must show evidence of key challenges caused by Covid-19 and how your project can help solve them. Innovate UK is looking to fund a portfolio of projects across a variety of technologies, markets, regions, technological maturities, and research categories. Specifically, your project can focus on themes including:
- decarbonisation, circular economy and/or biodiversity
- climate change and environmental sustainability
- geographic or regionally targeted innovation
- innovation that is aimed at commercial or residential users
- innovations that work across more than one sector
- follow-on international opportunities that help the UK lead the world
This is round 2 of a potential 3, with the third scheduled to open in September. For round 2, proposals can only be from a single business. This means no more than one partner receiving grant funding on the application. However, subcontractors are allowed.
The funding will be made as a de minimis grant. De minimis aid provides public funding up to 100% of eligible costs. Your project’s total eligible costs must be between £50,000 and £100,000. Furthermore, your project must be ready to start by 1 November 2020 and last between 3 and 6 months.
The Sustainable Innovation Fund: Round 2 closes on the 2nd September 2020. You can find further information regarding eligibility, scope, and how to apply here. For our help in putting together a competitive proposal in a short timeframe, please contact us today.
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