Innovate UK, the Knowledge Transfer Network and the Enterprise Europe Network hosted a briefing event for the second of two Open innovation loans competitions in the extension of the award-winning pilot programme, which is currently open for applications.
Innovate UK is extending its pilot programme of loan competitions. A total of £50 million has been committed to 70 borrowers in the initial pilot and a further £25 million is available for business innovation projects. This is the second competition in the pilot extension. Innovate UK is working to broaden the range of innovation finance support available to businesses, so they can access funding at all stages of innovation. Innovation loans are for UK small or medium-sized enterprises (SMEs) that want to scale up and grow through innovation, developing new or improved products, processes or services. They can be used for late-stage research and development (R&D) projects, which have not yet reached the point of commercialisation.
Innovate UK is to offer up to £10 million in loans to SMEs for innovative late stage projects. The aim of this competition is to provide loans to help SMEs to undertake innovative projects with strong commercial potential across any sector or industry. Innovation loans will offer affordable, patient, flexible, repayable funding for later-stage research & development projects with a clear route to commercial success.
The deadline for applications in this competition is noon on 27th November 2019.
The purpose of the briefing event is to provide vital information to enable businesses to decide if an innovation loan is appropriate for them and, if so, to develop a clear and compelling application that shows that they have an innovative project and are suitable for a loan.
Find out more about the Innovation Special Interest Group at https://ktn-uk.co.uk/interests/innovation
TFI DEMO Competition Briefing & Capability for TFI EventKTN
On Tuesday 12th October 2021, KTN and Innovate UK hosted this event to provide details of the new Transforming Foundation Industries Demonstrators Competition, followed by the Capability for TFI Event where attendees learned about Research Organisations expertise.
https://apply-for-innovation-funding.service.gov.uk/competition/1053/overview
The document introduces the Knowledge Transfer Network (KTN), which connects businesses, researchers, and funders in the UK to accelerate innovation. Specifically, it discusses that KTN has 16 industry communities and 60,000 members, runs hundreds of events each year, and provides services like partner matching, funding information, and strategic support to help businesses grow. It also introduces some of KTN's tools to help with sustainability planning and understanding market opportunities.
Transforming UK construction: Competition process - Julie Brown and Lydia Wei...KTN
This document provides information for applicants on applying for funding from Innovate UK's Transforming UK construction round 2 competition. It outlines the eligibility criteria, including requirements for collaboration between organizations. It also describes the application process through the Innovation Funding Service system, how to enter finances, and what to expect if an application is successful such as project set up and claiming grants. Academic partners are instructed to use the Joint Electronic Submission system to enter their costs. Overall it aims to guide applicants through submitting a competitive application and setting up projects if selected for funding.
The Knowledge Transfer Networks (KTNs) are a network of 16 industry-focused networks in the UK managed by the Technology Strategy Board that aim to stimulate innovation through knowledge sharing and networking. KTNs connect businesses, academia, and government to transfer technologies, create partnerships, and provide funding advice. Examples are provided of the Chemistry Innovation KTN and how it brokers projects and events to support its industry, as well as a case study of how the Materials KTN helped a company increase sales by 300% by introducing a new material.
This latest competition will award up to £30m to industry led projects aimed at addressing technological barriers to the commercial or industrial exploitation of quantum technologies in the UK. This in contrast to recent CR&D and FS competitions which focussed on developing products, services and components.
Projects should exploit second generation quantum techniques and focus on one or more of the challenge areas of:
- Connectivity
- Situation awareness
- Quantum computing
Projects must be collaborative, business led, and have eligible costs of £4m-£20m (with a maximum grant size of £10m).
Details from the competition scope will be posted on Innovate UK’s website during October. The EOI stage of the competition will open on 28th October 2019 and close on 27th November 2019.
Background: The Commercialising Quantum Technologies ISCF Challenge was launched in July 2019 by the Department of Business, Energy and Industrial Strategy as part of the Industrial Strategy Challenge Fund (ISCF). The ISCF provides funding and support to UK businesses and researchers. The fund is designed to ensure that research and innovation takes centre stage in the government’s Industrial Strategy.
The fund is being administered by UK Research and Innovation.
The Commercialising Quantum Technologies ISCF Challenge is an investment of £153m over 6 years.
Find out more about the Quantum Technologies Special Interest Group at https://ktn-uk.co.uk/interests/quantum-technologies
ISCF Application of whole Genome Sequencing approaches to CancerKTN
This document provides information about a competition from Innovate UK that provides up to £5.4 million in funding for projects applying whole genome sequencing approaches to cancer. Eligible projects include feasibility studies and industrial research and development projects involving collaboration between businesses and research organizations. The funding aims to encourage the development of new approaches to targeted cancer therapy based on molecular signatures identified through whole genome sequencing. Key eligibility criteria, funding amounts, project timelines and application deadlines are provided.
This document provides information about eligibility criteria, application processes, and funding opportunities for an innovation funding competition run by Innovate UK.
It outlines the eligibility requirements for organizations, projects, costs, and funding levels. Applicants must submit their applications through the Innovation Funding Service, which allows lead applicants to create accounts and invite collaborators. The document reviews the application questions, finances that can be claimed, and provides a worked example of funding calculations for a consortium project. It also provides brief information about using the Je-S system for collecting costs from academic partners.
Network Rail & Innovate UK Railways SBRI Competition Briefing: Innovation in ...KTN
Network Rail, through Innovate UK, are to invest £2.88 million in two SBRI competitions to improve the safety and efficiency of our railways. The competitions launch on Monday 2nd December and this briefing event is aimed at providing you with more information on the competitions and how to apply. It is also an opportunity to meet others, network and form collaborative partnerships.
Up to £1.08m (+VAT) is available to support the key challenges faced by Network Rail: trespass at platform ends and edges (e.g. fare evasion, shortcuts) and incursion over platform ends and edges to commit crime (e.g. cable theft, vandalism). Network Rail is seeking to demonstrate the capability of physical and/or technological solutions to combat these challenges. The solution must be scalable to suit a variety of station environments and will be tested through trials at multiple live station environments.
Find out more: https://ktn-uk.co.uk/news/live-now-webcast-network-rail-innovate-uk-railways-sbri-competition-briefing
TFI DEMO Competition Briefing & Capability for TFI EventKTN
On Tuesday 12th October 2021, KTN and Innovate UK hosted this event to provide details of the new Transforming Foundation Industries Demonstrators Competition, followed by the Capability for TFI Event where attendees learned about Research Organisations expertise.
https://apply-for-innovation-funding.service.gov.uk/competition/1053/overview
The document introduces the Knowledge Transfer Network (KTN), which connects businesses, researchers, and funders in the UK to accelerate innovation. Specifically, it discusses that KTN has 16 industry communities and 60,000 members, runs hundreds of events each year, and provides services like partner matching, funding information, and strategic support to help businesses grow. It also introduces some of KTN's tools to help with sustainability planning and understanding market opportunities.
Transforming UK construction: Competition process - Julie Brown and Lydia Wei...KTN
This document provides information for applicants on applying for funding from Innovate UK's Transforming UK construction round 2 competition. It outlines the eligibility criteria, including requirements for collaboration between organizations. It also describes the application process through the Innovation Funding Service system, how to enter finances, and what to expect if an application is successful such as project set up and claiming grants. Academic partners are instructed to use the Joint Electronic Submission system to enter their costs. Overall it aims to guide applicants through submitting a competitive application and setting up projects if selected for funding.
The Knowledge Transfer Networks (KTNs) are a network of 16 industry-focused networks in the UK managed by the Technology Strategy Board that aim to stimulate innovation through knowledge sharing and networking. KTNs connect businesses, academia, and government to transfer technologies, create partnerships, and provide funding advice. Examples are provided of the Chemistry Innovation KTN and how it brokers projects and events to support its industry, as well as a case study of how the Materials KTN helped a company increase sales by 300% by introducing a new material.
This latest competition will award up to £30m to industry led projects aimed at addressing technological barriers to the commercial or industrial exploitation of quantum technologies in the UK. This in contrast to recent CR&D and FS competitions which focussed on developing products, services and components.
Projects should exploit second generation quantum techniques and focus on one or more of the challenge areas of:
- Connectivity
- Situation awareness
- Quantum computing
Projects must be collaborative, business led, and have eligible costs of £4m-£20m (with a maximum grant size of £10m).
Details from the competition scope will be posted on Innovate UK’s website during October. The EOI stage of the competition will open on 28th October 2019 and close on 27th November 2019.
Background: The Commercialising Quantum Technologies ISCF Challenge was launched in July 2019 by the Department of Business, Energy and Industrial Strategy as part of the Industrial Strategy Challenge Fund (ISCF). The ISCF provides funding and support to UK businesses and researchers. The fund is designed to ensure that research and innovation takes centre stage in the government’s Industrial Strategy.
The fund is being administered by UK Research and Innovation.
The Commercialising Quantum Technologies ISCF Challenge is an investment of £153m over 6 years.
Find out more about the Quantum Technologies Special Interest Group at https://ktn-uk.co.uk/interests/quantum-technologies
ISCF Application of whole Genome Sequencing approaches to CancerKTN
This document provides information about a competition from Innovate UK that provides up to £5.4 million in funding for projects applying whole genome sequencing approaches to cancer. Eligible projects include feasibility studies and industrial research and development projects involving collaboration between businesses and research organizations. The funding aims to encourage the development of new approaches to targeted cancer therapy based on molecular signatures identified through whole genome sequencing. Key eligibility criteria, funding amounts, project timelines and application deadlines are provided.
This document provides information about eligibility criteria, application processes, and funding opportunities for an innovation funding competition run by Innovate UK.
It outlines the eligibility requirements for organizations, projects, costs, and funding levels. Applicants must submit their applications through the Innovation Funding Service, which allows lead applicants to create accounts and invite collaborators. The document reviews the application questions, finances that can be claimed, and provides a worked example of funding calculations for a consortium project. It also provides brief information about using the Je-S system for collecting costs from academic partners.
Network Rail & Innovate UK Railways SBRI Competition Briefing: Innovation in ...KTN
Network Rail, through Innovate UK, are to invest £2.88 million in two SBRI competitions to improve the safety and efficiency of our railways. The competitions launch on Monday 2nd December and this briefing event is aimed at providing you with more information on the competitions and how to apply. It is also an opportunity to meet others, network and form collaborative partnerships.
Up to £1.08m (+VAT) is available to support the key challenges faced by Network Rail: trespass at platform ends and edges (e.g. fare evasion, shortcuts) and incursion over platform ends and edges to commit crime (e.g. cable theft, vandalism). Network Rail is seeking to demonstrate the capability of physical and/or technological solutions to combat these challenges. The solution must be scalable to suit a variety of station environments and will be tested through trials at multiple live station environments.
Find out more: https://ktn-uk.co.uk/news/live-now-webcast-network-rail-innovate-uk-railways-sbri-competition-briefing
ISCF Driving the Electric Revolution - Building Regional Centres of ExcellenceKTN
This latest competition will award up to £30 million to build regional centres of excellence for the development, prototyping and scale-up of power electronics, machines and drives (PEMD) technologies.
This competition aims to provide funding to establish the centres, building on existing capabilities and expertise where it already exists across the UK. The centres will support the industrialisation of PEMD technologies to help accelerate the growth of the UK’s supply chains for PEMD. The centres must be open access facilities that support the development, prototyping and scaling of PEMD technologies and manufacturing processes.
ISCF funding will support:
- The investment in capital equipment needed to create the centres
- Funding for operational costs to enable the centres to become established up to the end 31 March 2024
Details from the competition scope will be posted on Innovate UK’s website during October. The competition will open on 21st October. The Innovate UK pages will include all the details potential applicants need to know, including dates for submissions.
The Driving the Electric Revolution Challenge was launched in July 2019 by the Department of Business, Energy and Industrial Strategy as part of the Industrial Strategy Challenge Fund (ISCF). The ISCF provides funding and support to UK businesses and researchers. The fund is designed to ensure that research and innovation takes centre stage in the government’s Industrial Strategy.
The fund is being administered by UK Research and Innovation.
The Driving the Electric Revolution Challenge is an investment of £80 million over 4 years. It was set up to help UK businesses seize the opportunities presented by the transition to a low carbon economy. It aims to ensure the UK leads the world in the design, development and manufacture of power electronics, machines and drives (PEMD) across 7 sectors.
The challenge will create world-leading supply chains in the UK and expertise for the manufacture of Power Electronics, Machines and Drives (PEMD).
Find out more about the Electronics, Sensors and Photonics Main Interest Group at https://ktn-uk.co.uk/interests/electronics-sensors-photonics
The purpose of this event is to provide information to enable businesses to decide if the Smart Sustainable Plastics Packaging Challenge FeasibilityStudies competition (we will also recap on the currently open Demonstrator Round 1 or Feasibility Studies for Demonstrators Competition of SSPP so attendees can decide which is appropriate for them).
Innovate UK (UKRI) and the Knowledge Transfer Network are hosting a briefing event for third competition of the Smart Sustainable Plastics Packaging Challenge:
Feasibility Studies
The competition is due to open for applications on 13th January, more details will be published on the competitions page shortly.
As part of the Clean Growth Grand Challenge within the Government’s Industrial Strategy, a £60m Smart Sustainable Plastic Packaging Challenge was announced in Summer 2019 which is expected to be matched by funding of up to £149 million from industry.
The challenge will deliver strategic leadership and a co-ordinated programme of research and innovation for the design, production, supply, recovery and recycling of plastic packaging across the entire value chain.
The Opportunity:
Innovate UK, part of UK Research and Innovation, will invest up to £1 million from the Smart Sustainable Plastic Packaging Programme to fund feasibility projects for solutions to create a more circular economy for plastic packaging. Projects must show how they will deliver a more circular plastics packaging supply chain and deliver the targets of the UK Plastics Pact.
Projects are welcome that trial smart and sustainable packaging innovation across 4 themes:
- Materials
- Design
- Technology or process
- Business model or behaviour change
This Briefing Event will provide:
• an opportunity to hear about the scope of the competition in more detail from the competition team
• opportunities to network and develop ideas and partnerships for the competition
• an opportunity to meet and explore ideas with UKRI and wider stakeholders
Find out more: https://ktn-uk.co.uk/events/iscf-smart-sustainable-plastic-packaging-competition-briefing-feasibility-studies-enabling-research
UKRI, in collaboration with the dept for Business Energy and Industrial Strategy, is seeking to invest up to £1 million to support collaborative projects to plan their route to cluster decarbonisation as part of the £170m Industrial Decarbonisation Challenge (IDC).
Background
As part of the UK’s Industrial Strategy Challenge Fund (ISCF), the IDC programme aims to accelerate the cost-effective decarbonisation of industry by developing and deploying low-carbon technologies. It aims to enable the deployment of infrastructure at scale by the mid-2020s.
It will support delivery of the Clean Growth Grand Challenge and the Industrial Clusters Mission, which has set an ambitious target to establish at least one low-carbon industrial cluster by 2030 and the world’s first net-zero carbon industrial cluster by 2040. The Mission, and this challenge, will help to place the UK at the forefront of the global shift to Clean Growth, by driving the technologies, services and markets to produce low carbon industrial products.
Find out more about the Industrial Strategy Challenge Fund at https://ktn-uk.co.uk/interests/iscf
Training for a career in science begins with formal theoretical and practical instruction at an academic institution, often followed by advanced training and eventual employment also at an academic institution. This career path is one which has been historically taken by most scientists.
In recent years, increasing numbers of academic scientists are choosing commercial laboratories to pursue their research careers. This shift in career path is driven to a large degree by the eroding of financial support for academic scientists, as evidenced by the downward trend in the funding rate for grants submitted to the NIH, NSF, and private foundations. Perhaps the greatest challenge for an academic scientist contemplating a move to a commercial laboratory is to adjust their thinking of ‘doing science for science sake’ to ‘doing science for commercializing a product’.
This insightful Webinar will cover areas to be considered when making this career change, including the culture of the commercial laboratory working environment, career advancement, scientific recognition, mentoring, and availability of opportunities.
5 Key Take-Aways:
Similarities and difference between academic and commercial laboratory working environments
Suggestions on how to increase your autonomy and independence in conducting research at a commercial laboratory
How to ‘hedge your bets’ so that deadlines and milestones are reached
Balancing publishing and intellectual property generation
The difference in costs between academic and commercial laboratory research
Who Should Attend:
Any academic PI, scientist, post-doc, graduate student, technician contemplating a move from a university-based research laboratory to a commercial biotechnology or pharmaceutical development laboratory.
Competition Briefing - Open Digital Solutions for Net Zero Energy KTN
This briefing provided more information on the scope and application process for Innovate UK's Small Business Research Initiative (SBRI) competition to develop open software, hardware and data solutions that address the challenges of transforming to a net zero energy system in the UK.
Designed for Ageing: Competition Briefing Event, Followed by Collaborators ClubKTN
The UKRI Healthy Ageing Challenge is pleased to open registration for the Designed for Ageing competition briefing event. Designed for Ageing is a grant funding opportunity for UK companies looking to develop innovations to help people as they age. Find out more about scope, and about how to apply, by signing up for this webinar event.
Supplements that provide funding to SBIR phase II awards for hiring students, veterans, and college instructors, and partnering with community colleges.
This document provides information on various funding opportunities available through Invest NI to support local R&D for manufacturers in Northern Ireland. It describes Innovation Vouchers worth up to £5,000 that allow SMEs to access expertise from public sector knowledge providers. It also outlines the Technical Advisory Unit, Technical Development Incentive, and Proof of Concept grants from Techstart NI. Larger R&D projects can apply for grants through Invest NI's main R&D support mechanism. The document encourages targeting external funding from Innovate UK and Horizon 2020 and notes various ways Invest NI can help businesses access these opportunities.
Network Rail & Innovate UK: Scope of "SBRI Innovation in Automated Tunnel Exa...KTN
Two new SBRIs have been announced to drive efficiency and safety in the rail industry. Network Rail will work with Innovate UK, part of UK Research and Innovation, to invest up to £3m to address two of the objectives identified in Network Rail’s CP6 funding strategy for research and development:
- Automated tunnel examination
- Security surveillance analytics for stations
This briefing event is an opportunity for you to find out more about the two SBRI competitions and how to apply, and there will be ample time for networking.
The webcast recording is now available: https://youtu.be/Uqq452lk90c
Find out more about the Transport Interest Group at https://ktn-uk.co.uk/interests/transport
Join the KTN Transport group on LinkedIn at https://www.linkedin.com/groups/4148691/
Innovation Funding for Growth-Oriented Companies - Oct 24, 2014Boast Capital
The Canadian Government provides over $7B in innovation funding each year and is considered one of the most generous countries for funding research, innovation, and experimentation.
Learn more about a few of Canada's innovation funding programs:
-Scientific Research & Experimental Development Tax Credit (SR&ED), slides presented by James Suk, Boast Capital
-Small Business Grants, slides presented by Stephanie Sang, Granted Consulting
-Sustainable Development Technology Canada (SDTC) slides presented by Paul Austin, Regional Director of Partnerships
Project Realise is an interactive, web-based tool designed to guide the translation of scientific discoveries into usable technologies and therapies for regenerative medicine. It provides in-depth analyses of value systems and business models, an economic impact model, and shows the parallel streams of activity across discovery, development and delivery. Realise aims to improve awareness of the development process, increase commercial success potential for new discoveries, and enhance therapy development through better planning and resources. It has been funded by the Scottish Government, Technology Strategy Board and Edinburgh BioQuarter with contributions from experts in regenerative medicine.
Network Rail & Innovate UK: Background to the Network Rail Challenges - Janin...KTN
Two new SBRIs have been announced to drive efficiency and safety in the rail industry. Network Rail will work with Innovate UK, part of UK Research and Innovation, to invest up to £3m to address two of the objectives identified in Network Rail’s CP6 funding strategy for research and development:
- Automated tunnel examination
- Security surveillance analytics for stations
This briefing event is an opportunity for you to find out more about the two SBRI competitions and how to apply, and there will be ample time for networking.
The webcast recording is now available: https://youtu.be/Uqq452lk90c
Find out more about the Transport Interest Group at https://ktn-uk.co.uk/interests/transport
Join the KTN Transport group on LinkedIn at https://www.linkedin.com/groups/4148691/
Commercialising quantum technology, Competition briefing - Chris Jones, Innov...KTN
As part of the Industrial Strategy the Government will invest in the “Commercialising quantum technologies” Industrial Strategy Challenge Fund (ISCF) to enable the UK to lead the global development and application of quantum technologies.
The aim of the competition is to advance the commercialisation of quantum technologies in the UK through the investment of up to £27m in innovation projects.
The webcast recording is now available. Click here to watch it: https://www.youtube.com/watch?v=8beNopMS7sw
Find out more about the Quantum Technologies Special Interest Group at https://ktn-uk.co.uk/interests/quantum-technologies
Join the Quantum Technologies Special Interest Group at https://www.linkedin.com/groups/8594516/
The purpose of this event is to provide information to enable businesses to decide if the Smart Sustainable Plastics Packaging Challenge FeasibilityStudies competition (we will also recap on the currently open Demonstrator Round 1 or Feasibility Studies for Demonstrators Competition of SSPP so attendees can decide which is appropriate for them).
Innovate UK (UKRI) and the Knowledge Transfer Network are hosting a briefing event for third competition of the Smart Sustainable Plastics Packaging Challenge:
Feasibility Studies
The competition is due to open for applications on 13th January, more details will be published on the competitions page shortly.
As part of the Clean Growth Grand Challenge within the Government’s Industrial Strategy, a £60m Smart Sustainable Plastic Packaging Challenge was announced in Summer 2019 which is expected to be matched by funding of up to £149 million from industry.
The challenge will deliver strategic leadership and a co-ordinated programme of research and innovation for the design, production, supply, recovery and recycling of plastic packaging across the entire value chain.
The Opportunity:
Innovate UK, part of UK Research and Innovation, will invest up to £1 million from the Smart Sustainable Plastic Packaging Programme to fund feasibility projects for solutions to create a more circular economy for plastic packaging. Projects must show how they will deliver a more circular plastics packaging supply chain and deliver the targets of the UK Plastics Pact.
Projects are welcome that trial smart and sustainable packaging innovation across 4 themes:
- Materials
- Design
- Technology or process
- Business model or behaviour change
This Briefing Event will provide:
• an opportunity to hear about the scope of the competition in more detail from the competition team
• opportunities to network and develop ideas and partnerships for the competition
• an opportunity to meet and explore ideas with UKRI and wider stakeholders
Find out more: https://ktn-uk.co.uk/events/iscf-smart-sustainable-plastic-packaging-competition-briefing-feasibility-studies-enabling-research
Management KTP - Learn about this new KTP funding opportunity to expand manag...KTN
The document discusses Management Knowledge Transfer Partnerships (MKTPs), which are 3-way partnerships between businesses, universities, and associates to help companies improve management practices and drive business growth. MKTPs involve associates working with businesses on transformative projects covering areas like strategy, leadership, productivity, and more, applying research and best practices from universities. The partnerships are aimed at helping growth-oriented small and medium enterprises as well as larger companies seeking to improve processes and performance.
The Centre for Future Clean Mobility at the University of Exeter is innovating technology for the second wave of electrification; such as large, complex and demanding vehicles and vessels currently using hydrocarbon fuels.
In this webinar, recorded on 6th May 2021, you will hear more about how the Centre for Future Clean Mobility is developing new zero emissions and hybrid electric powertrains, as well as integrating these into existing or new vehicles and vessels. Additionally, you will learn ore about how the Centre is adding value for partners by helpign develop supply chains, customers and their business systes to ensure the clean powertrains work for their businesses.
This document outlines a report on CSR funding for career counseling. It discusses the legal requirements for CSR spending in India, how companies benefit from CSR programs, and projected growth in CSR spending. It also examines government and corporate efforts in education generally and career counseling specifically. Key initiatives discussed include the National Career Counseling program and CSR programs several major companies have implemented for career counseling. The report aims to provide guidance for businesses, NGOs, and schools on effective career counseling strategies and overcoming challenges in developing such programs.
KTN is a network partner of Innovate UK that connects people to drive innovation. It combines expertise across all sectors to help organizations find expertise, markets, and finance through potential collaborations, events, and insights relevant to their needs. KTN helps deliver growth for the UK economy by helping organizations make a success of their ideas. It works by providing events, expert advice, help crossing sectors, and introductions to new collaborations.
This document provides an overview of Horizon 2020 funding programs and the Fast Track to Innovation (FTI) Pilot. It discusses the innovation support ecosystem in Europe and Northern Ireland. Key points include:
- Horizon 2020 aims to accelerate economic growth through business-led innovation and supports SMEs through programs like the SME Instrument and FTI Pilot.
- The FTI Pilot provides "last push" funding of €1-3 million for close-to-market innovation projects within defined focus areas. It has a bottom-up approach and proposals are evaluated on their potential impact.
- Support is available for SMEs throughout the innovation process from skills development to commercialization. This includes grants,
Innovate UK is to offer up to £10 million in loans to SMEs for innovative late stage projects. The aim of this competition is to provide loans to help SMEs to undertake game-changing innovations with strong commercial potential across any sector or industry. Innovation loans will offer affordable, patient, flexible, repayable funding for later-stage research & development projects with a clear route to commercial success.
More information can be found here: https://ktn-uk.co.uk/news/innovation-loans-open-competition-briefing-dates-announced
Or watch the webcast here: https://youtu.be/vAOV4tFHFmE
The deadline for registration for this Open Innovation Loans competition is 29th August and the application deadline is noon on 5th September 2018.
February 2018 Breakfast Briefing Slides - Know your business, grow your busi...Nathalie Kopecky
The slides from the 8 February Breakfast Briefing 'Know your business, grow your business' are now available to download on SlideShare via the link below.
If you have any questions about working with the University in this area, please contact us at businessteam@contacts.bham.ac.uk
ISCF Driving the Electric Revolution - Building Regional Centres of ExcellenceKTN
This latest competition will award up to £30 million to build regional centres of excellence for the development, prototyping and scale-up of power electronics, machines and drives (PEMD) technologies.
This competition aims to provide funding to establish the centres, building on existing capabilities and expertise where it already exists across the UK. The centres will support the industrialisation of PEMD technologies to help accelerate the growth of the UK’s supply chains for PEMD. The centres must be open access facilities that support the development, prototyping and scaling of PEMD technologies and manufacturing processes.
ISCF funding will support:
- The investment in capital equipment needed to create the centres
- Funding for operational costs to enable the centres to become established up to the end 31 March 2024
Details from the competition scope will be posted on Innovate UK’s website during October. The competition will open on 21st October. The Innovate UK pages will include all the details potential applicants need to know, including dates for submissions.
The Driving the Electric Revolution Challenge was launched in July 2019 by the Department of Business, Energy and Industrial Strategy as part of the Industrial Strategy Challenge Fund (ISCF). The ISCF provides funding and support to UK businesses and researchers. The fund is designed to ensure that research and innovation takes centre stage in the government’s Industrial Strategy.
The fund is being administered by UK Research and Innovation.
The Driving the Electric Revolution Challenge is an investment of £80 million over 4 years. It was set up to help UK businesses seize the opportunities presented by the transition to a low carbon economy. It aims to ensure the UK leads the world in the design, development and manufacture of power electronics, machines and drives (PEMD) across 7 sectors.
The challenge will create world-leading supply chains in the UK and expertise for the manufacture of Power Electronics, Machines and Drives (PEMD).
Find out more about the Electronics, Sensors and Photonics Main Interest Group at https://ktn-uk.co.uk/interests/electronics-sensors-photonics
The purpose of this event is to provide information to enable businesses to decide if the Smart Sustainable Plastics Packaging Challenge FeasibilityStudies competition (we will also recap on the currently open Demonstrator Round 1 or Feasibility Studies for Demonstrators Competition of SSPP so attendees can decide which is appropriate for them).
Innovate UK (UKRI) and the Knowledge Transfer Network are hosting a briefing event for third competition of the Smart Sustainable Plastics Packaging Challenge:
Feasibility Studies
The competition is due to open for applications on 13th January, more details will be published on the competitions page shortly.
As part of the Clean Growth Grand Challenge within the Government’s Industrial Strategy, a £60m Smart Sustainable Plastic Packaging Challenge was announced in Summer 2019 which is expected to be matched by funding of up to £149 million from industry.
The challenge will deliver strategic leadership and a co-ordinated programme of research and innovation for the design, production, supply, recovery and recycling of plastic packaging across the entire value chain.
The Opportunity:
Innovate UK, part of UK Research and Innovation, will invest up to £1 million from the Smart Sustainable Plastic Packaging Programme to fund feasibility projects for solutions to create a more circular economy for plastic packaging. Projects must show how they will deliver a more circular plastics packaging supply chain and deliver the targets of the UK Plastics Pact.
Projects are welcome that trial smart and sustainable packaging innovation across 4 themes:
- Materials
- Design
- Technology or process
- Business model or behaviour change
This Briefing Event will provide:
• an opportunity to hear about the scope of the competition in more detail from the competition team
• opportunities to network and develop ideas and partnerships for the competition
• an opportunity to meet and explore ideas with UKRI and wider stakeholders
Find out more: https://ktn-uk.co.uk/events/iscf-smart-sustainable-plastic-packaging-competition-briefing-feasibility-studies-enabling-research
UKRI, in collaboration with the dept for Business Energy and Industrial Strategy, is seeking to invest up to £1 million to support collaborative projects to plan their route to cluster decarbonisation as part of the £170m Industrial Decarbonisation Challenge (IDC).
Background
As part of the UK’s Industrial Strategy Challenge Fund (ISCF), the IDC programme aims to accelerate the cost-effective decarbonisation of industry by developing and deploying low-carbon technologies. It aims to enable the deployment of infrastructure at scale by the mid-2020s.
It will support delivery of the Clean Growth Grand Challenge and the Industrial Clusters Mission, which has set an ambitious target to establish at least one low-carbon industrial cluster by 2030 and the world’s first net-zero carbon industrial cluster by 2040. The Mission, and this challenge, will help to place the UK at the forefront of the global shift to Clean Growth, by driving the technologies, services and markets to produce low carbon industrial products.
Find out more about the Industrial Strategy Challenge Fund at https://ktn-uk.co.uk/interests/iscf
Training for a career in science begins with formal theoretical and practical instruction at an academic institution, often followed by advanced training and eventual employment also at an academic institution. This career path is one which has been historically taken by most scientists.
In recent years, increasing numbers of academic scientists are choosing commercial laboratories to pursue their research careers. This shift in career path is driven to a large degree by the eroding of financial support for academic scientists, as evidenced by the downward trend in the funding rate for grants submitted to the NIH, NSF, and private foundations. Perhaps the greatest challenge for an academic scientist contemplating a move to a commercial laboratory is to adjust their thinking of ‘doing science for science sake’ to ‘doing science for commercializing a product’.
This insightful Webinar will cover areas to be considered when making this career change, including the culture of the commercial laboratory working environment, career advancement, scientific recognition, mentoring, and availability of opportunities.
5 Key Take-Aways:
Similarities and difference between academic and commercial laboratory working environments
Suggestions on how to increase your autonomy and independence in conducting research at a commercial laboratory
How to ‘hedge your bets’ so that deadlines and milestones are reached
Balancing publishing and intellectual property generation
The difference in costs between academic and commercial laboratory research
Who Should Attend:
Any academic PI, scientist, post-doc, graduate student, technician contemplating a move from a university-based research laboratory to a commercial biotechnology or pharmaceutical development laboratory.
Competition Briefing - Open Digital Solutions for Net Zero Energy KTN
This briefing provided more information on the scope and application process for Innovate UK's Small Business Research Initiative (SBRI) competition to develop open software, hardware and data solutions that address the challenges of transforming to a net zero energy system in the UK.
Designed for Ageing: Competition Briefing Event, Followed by Collaborators ClubKTN
The UKRI Healthy Ageing Challenge is pleased to open registration for the Designed for Ageing competition briefing event. Designed for Ageing is a grant funding opportunity for UK companies looking to develop innovations to help people as they age. Find out more about scope, and about how to apply, by signing up for this webinar event.
Supplements that provide funding to SBIR phase II awards for hiring students, veterans, and college instructors, and partnering with community colleges.
This document provides information on various funding opportunities available through Invest NI to support local R&D for manufacturers in Northern Ireland. It describes Innovation Vouchers worth up to £5,000 that allow SMEs to access expertise from public sector knowledge providers. It also outlines the Technical Advisory Unit, Technical Development Incentive, and Proof of Concept grants from Techstart NI. Larger R&D projects can apply for grants through Invest NI's main R&D support mechanism. The document encourages targeting external funding from Innovate UK and Horizon 2020 and notes various ways Invest NI can help businesses access these opportunities.
Network Rail & Innovate UK: Scope of "SBRI Innovation in Automated Tunnel Exa...KTN
Two new SBRIs have been announced to drive efficiency and safety in the rail industry. Network Rail will work with Innovate UK, part of UK Research and Innovation, to invest up to £3m to address two of the objectives identified in Network Rail’s CP6 funding strategy for research and development:
- Automated tunnel examination
- Security surveillance analytics for stations
This briefing event is an opportunity for you to find out more about the two SBRI competitions and how to apply, and there will be ample time for networking.
The webcast recording is now available: https://youtu.be/Uqq452lk90c
Find out more about the Transport Interest Group at https://ktn-uk.co.uk/interests/transport
Join the KTN Transport group on LinkedIn at https://www.linkedin.com/groups/4148691/
Innovation Funding for Growth-Oriented Companies - Oct 24, 2014Boast Capital
The Canadian Government provides over $7B in innovation funding each year and is considered one of the most generous countries for funding research, innovation, and experimentation.
Learn more about a few of Canada's innovation funding programs:
-Scientific Research & Experimental Development Tax Credit (SR&ED), slides presented by James Suk, Boast Capital
-Small Business Grants, slides presented by Stephanie Sang, Granted Consulting
-Sustainable Development Technology Canada (SDTC) slides presented by Paul Austin, Regional Director of Partnerships
Project Realise is an interactive, web-based tool designed to guide the translation of scientific discoveries into usable technologies and therapies for regenerative medicine. It provides in-depth analyses of value systems and business models, an economic impact model, and shows the parallel streams of activity across discovery, development and delivery. Realise aims to improve awareness of the development process, increase commercial success potential for new discoveries, and enhance therapy development through better planning and resources. It has been funded by the Scottish Government, Technology Strategy Board and Edinburgh BioQuarter with contributions from experts in regenerative medicine.
Network Rail & Innovate UK: Background to the Network Rail Challenges - Janin...KTN
Two new SBRIs have been announced to drive efficiency and safety in the rail industry. Network Rail will work with Innovate UK, part of UK Research and Innovation, to invest up to £3m to address two of the objectives identified in Network Rail’s CP6 funding strategy for research and development:
- Automated tunnel examination
- Security surveillance analytics for stations
This briefing event is an opportunity for you to find out more about the two SBRI competitions and how to apply, and there will be ample time for networking.
The webcast recording is now available: https://youtu.be/Uqq452lk90c
Find out more about the Transport Interest Group at https://ktn-uk.co.uk/interests/transport
Join the KTN Transport group on LinkedIn at https://www.linkedin.com/groups/4148691/
Commercialising quantum technology, Competition briefing - Chris Jones, Innov...KTN
As part of the Industrial Strategy the Government will invest in the “Commercialising quantum technologies” Industrial Strategy Challenge Fund (ISCF) to enable the UK to lead the global development and application of quantum technologies.
The aim of the competition is to advance the commercialisation of quantum technologies in the UK through the investment of up to £27m in innovation projects.
The webcast recording is now available. Click here to watch it: https://www.youtube.com/watch?v=8beNopMS7sw
Find out more about the Quantum Technologies Special Interest Group at https://ktn-uk.co.uk/interests/quantum-technologies
Join the Quantum Technologies Special Interest Group at https://www.linkedin.com/groups/8594516/
The purpose of this event is to provide information to enable businesses to decide if the Smart Sustainable Plastics Packaging Challenge FeasibilityStudies competition (we will also recap on the currently open Demonstrator Round 1 or Feasibility Studies for Demonstrators Competition of SSPP so attendees can decide which is appropriate for them).
Innovate UK (UKRI) and the Knowledge Transfer Network are hosting a briefing event for third competition of the Smart Sustainable Plastics Packaging Challenge:
Feasibility Studies
The competition is due to open for applications on 13th January, more details will be published on the competitions page shortly.
As part of the Clean Growth Grand Challenge within the Government’s Industrial Strategy, a £60m Smart Sustainable Plastic Packaging Challenge was announced in Summer 2019 which is expected to be matched by funding of up to £149 million from industry.
The challenge will deliver strategic leadership and a co-ordinated programme of research and innovation for the design, production, supply, recovery and recycling of plastic packaging across the entire value chain.
The Opportunity:
Innovate UK, part of UK Research and Innovation, will invest up to £1 million from the Smart Sustainable Plastic Packaging Programme to fund feasibility projects for solutions to create a more circular economy for plastic packaging. Projects must show how they will deliver a more circular plastics packaging supply chain and deliver the targets of the UK Plastics Pact.
Projects are welcome that trial smart and sustainable packaging innovation across 4 themes:
- Materials
- Design
- Technology or process
- Business model or behaviour change
This Briefing Event will provide:
• an opportunity to hear about the scope of the competition in more detail from the competition team
• opportunities to network and develop ideas and partnerships for the competition
• an opportunity to meet and explore ideas with UKRI and wider stakeholders
Find out more: https://ktn-uk.co.uk/events/iscf-smart-sustainable-plastic-packaging-competition-briefing-feasibility-studies-enabling-research
Management KTP - Learn about this new KTP funding opportunity to expand manag...KTN
The document discusses Management Knowledge Transfer Partnerships (MKTPs), which are 3-way partnerships between businesses, universities, and associates to help companies improve management practices and drive business growth. MKTPs involve associates working with businesses on transformative projects covering areas like strategy, leadership, productivity, and more, applying research and best practices from universities. The partnerships are aimed at helping growth-oriented small and medium enterprises as well as larger companies seeking to improve processes and performance.
The Centre for Future Clean Mobility at the University of Exeter is innovating technology for the second wave of electrification; such as large, complex and demanding vehicles and vessels currently using hydrocarbon fuels.
In this webinar, recorded on 6th May 2021, you will hear more about how the Centre for Future Clean Mobility is developing new zero emissions and hybrid electric powertrains, as well as integrating these into existing or new vehicles and vessels. Additionally, you will learn ore about how the Centre is adding value for partners by helpign develop supply chains, customers and their business systes to ensure the clean powertrains work for their businesses.
This document outlines a report on CSR funding for career counseling. It discusses the legal requirements for CSR spending in India, how companies benefit from CSR programs, and projected growth in CSR spending. It also examines government and corporate efforts in education generally and career counseling specifically. Key initiatives discussed include the National Career Counseling program and CSR programs several major companies have implemented for career counseling. The report aims to provide guidance for businesses, NGOs, and schools on effective career counseling strategies and overcoming challenges in developing such programs.
KTN is a network partner of Innovate UK that connects people to drive innovation. It combines expertise across all sectors to help organizations find expertise, markets, and finance through potential collaborations, events, and insights relevant to their needs. KTN helps deliver growth for the UK economy by helping organizations make a success of their ideas. It works by providing events, expert advice, help crossing sectors, and introductions to new collaborations.
This document provides an overview of Horizon 2020 funding programs and the Fast Track to Innovation (FTI) Pilot. It discusses the innovation support ecosystem in Europe and Northern Ireland. Key points include:
- Horizon 2020 aims to accelerate economic growth through business-led innovation and supports SMEs through programs like the SME Instrument and FTI Pilot.
- The FTI Pilot provides "last push" funding of €1-3 million for close-to-market innovation projects within defined focus areas. It has a bottom-up approach and proposals are evaluated on their potential impact.
- Support is available for SMEs throughout the innovation process from skills development to commercialization. This includes grants,
Innovate UK is to offer up to £10 million in loans to SMEs for innovative late stage projects. The aim of this competition is to provide loans to help SMEs to undertake game-changing innovations with strong commercial potential across any sector or industry. Innovation loans will offer affordable, patient, flexible, repayable funding for later-stage research & development projects with a clear route to commercial success.
More information can be found here: https://ktn-uk.co.uk/news/innovation-loans-open-competition-briefing-dates-announced
Or watch the webcast here: https://youtu.be/vAOV4tFHFmE
The deadline for registration for this Open Innovation Loans competition is 29th August and the application deadline is noon on 5th September 2018.
February 2018 Breakfast Briefing Slides - Know your business, grow your busi...Nathalie Kopecky
The slides from the 8 February Breakfast Briefing 'Know your business, grow your business' are now available to download on SlideShare via the link below.
If you have any questions about working with the University in this area, please contact us at businessteam@contacts.bham.ac.uk
This document provides guidance for applicants to Innovate UK's Emerging and Enabling Technologies funding competition. It outlines the scope and objectives of the competition, which aims to fund innovation in emerging technologies like energy harvesting and enabling technologies that provide new capabilities. It describes the two streams of funding for projects under £100,000 or over £100,000 in costs, and the application process, forms, eligibility, and assessment criteria. Successful applicants will receive a conditional offer letter and must submit additional documents to finalize a grant agreement. [/SUMMARY]
The document provides information about an optional briefing for applicants in London on May 19th regarding technology strategy board competitions. It discusses the competition process, criteria, and funding rules. Key points covered include understanding competition scope and objectives, the application and review process, criteria across business proposition, project details, and value add sections, and financial commitment and funding thresholds.
Innovate UK is the UK's innovation agency that provides funding and connects businesses to accelerate innovation across the UK. It has a budget of over £800 million and funds over 2,400 projects annually involving 2,900 organizations. The majority of its funding goes to small and medium enterprises and research institutions. It currently has several open funding competitions available for innovative projects in areas like artificial intelligence, clean growth, and manufacturing.
Uk Grants - Grant for Research and Developmentukgrants
The GRD (Grant for Research and Development) scheme provides funding for innovative research and development projects conducted by small to medium enterprises. There are four types of grants available that provide between 40-60% of project costs and range from £5,000 to £250,000. Eligible projects must demonstrate technological innovation, commercial potential, and market needs. Priority is given to projects in sectors like advanced manufacturing, biotechnology, and renewable energy. Applicants must submit a proposal that passes technical and financial reviews to receive funding.
Innovation Continuity Loans – Package of Support AvailableKTN
Innovate UK has loan funding available to SMEs and third sector organisations that have been impacted by the Covid-19 pandemic and are facing a challenge in continuing, completing or following on from innovation activity. Find out more about the package of continuity loan funding available.
Competition scope, competition eligibility conditions and application process...KTN
George Papadakis & Victoria Meredith from Innovate UK outline the details of the Digital Security by Design (DSbD) Business-led Demonstrators Phase 1 EOI competition, covering the competition scope, competition eligibility conditions and application process.
Breakout Session presentations ‘Access to Finance and Funding for Innovation,...The UK Water Partnership
The presentation was first shown during the 'Access to Finance and Funding for Innovation' breakout session at the RCUK Water and Cities Showcase which was held on the 30th June 2015.
SBRI competition: Sort and Segregate Nuclear WasteKTN
The Nuclear Decommissioning Authority and Innovate UK are delivering an SBRI competition to fund innovative ideas that will lead to cheaper, safer and faster ways of sorting and segregating radioactive waste. Closes 11 November.
Register here https://apply-for-innovation-funding.service.gov.uk/competition/685/overview
KTN Digital and Creative Business Briefing August 2019 with information on events, funding and support initiatives for innovative UK based digital businesses
How to write a winning H2020 Proposal SME Instrument Phase 1 - UpdatedH2020 Manuals
We have updated your step by step tools to win the Horizon 2020 SME Instrument Phase 1 grant. Some quick quesstions were added so you can simplify the beginning of your proposal preparation. Extensive instructions, examples and Insider tips and tricks included. Find out more at http://www.h2020manuals.eu/ or http://store.h2020manuals.eu/.
You can find our previous slideshare at: https://www.slideshare.net/H2020Manuals/how-to-write-a-winning-h2020-proposal-sme-instrument-phase-1
Presentation from the briefing event for ISCF Digital Security by Design competition: Technology Enabled Business-Led Demonstator Stage 1 Expression of Interest
Two new SBRIs have been announced to drive efficiency and safety in the rail industry. Network Rail will work with Innovate UK, part of UK Research and Innovation, to invest up to £3m to address two of the objectives identified in Network Rail’s CP6 funding strategy for research and development:
- Automated tunnel examination
- Security surveillance analytics for stations
This briefing event is an opportunity for you to find out more about the two SBRI competitions and how to apply, and there will be ample time for networking.
The webcast recording is now available: https://youtu.be/Uqq452lk90c
Find out more about the Transport Interest Group at https://ktn-uk.co.uk/interests/transport
Join the KTN Transport group on LinkedIn at https://www.linkedin.com/groups/4148691/
GCRF Demonstrate Impact Competition Briefing Round 2: How to Increase Impact ...KTN
Through the Global Challenges Research Fund (GCRF), Innovate UK will invest up to £9.3 million in innovation projects.
The Global Challenges Research Fund (GCRF) will invest up to £9.3 million in demonstration-stage projects. The projects must have the potential to transform lives in developing countries, through market-creating innovation. We will support projects that address one of ten global societal challenges recognised in the UN Sustainable Development Goals (SDGs) through the development of innovative processes, products and services. These projects should lead to the deployment of those innovations within developing countries.
Find out more: https://ktn-uk.co.uk/news/webcast-gcrf-demonstrate-impact-competition-briefing-round-2-how-to-increase-impact-through-innovation-in-developing-countries
GCRF Demonstrate Impact Competition Briefing Round 2: How to Increase Impact ...KTN
Through the Global Challenges Research Fund (GCRF), Innovate UK will invest up to £9.3 million in innovation projects.
The Global Challenges Research Fund (GCRF) will invest up to £9.3 million in demonstration-stage projects. The projects must have the potential to transform lives in developing countries, through market-creating innovation. We will support projects that address one of ten global societal challenges recognised in the UN Sustainable Development Goals (SDGs) through the development of innovative processes, products and services. These projects should lead to the deployment of those innovations within developing countries.
Find out more: https://ktn-uk.co.uk/news/review-of-round-2-events-from-the-global-challenges-research-fund-gcrf-demonstrate-impact-programme
Floating Offshore Wind Demonstration Programme competition briefing is an opportunity to find more about this funding supporting the development of innovations for the floating offshore wind industry.
Connected digital additive manufacturing competition briefingInnovate UK
Powerpoint slide presentation from "Connected digital additive manufacturing" competition briefing in London on 7 June 2016.
Including:
- Introduction to Innovate UK
- Description of competition scope
- Description of application process
Connected digital additive manufacturing competition briefingcmb80
Powerpoint slide presentation from "Connected digital additive manufacturing" competition briefing in London on 7 June 2016.
Including:
- Introduction to Innovate UK
- Description of competition scope
- Description of application process
Semelhante a Innovation loans briefing events open september 2019 slides to share (20)
An Introduction to Eurostars - an Opportunity for SMEs to Collaborate Interna...KTN
This webinar highlighted opportunities within the EUREKA Eurostars programme and how Innovate UK KTN and partners can help your business to innovate and go international.
Prospering from the Energy Revolution: Six in Sixty - Technology and Infrastr...KTN
Hear about one of the key facets of PFER, a £104m programme focussed on the integration of power, heat and transport and the business models needed to enable Smart Local Energy Systems (SLES) to scale towards net zero.
UK Catalysis: Innovation opportunities for an enabling technologyKTN
Read about how accelerating innovations in catalysis will play a vital role in enabling the UK to meet its net zero targets in the areas of hydrogen production, Power-to-X, carbon dioxide utilisation and the use of alternative feedstocks.
Industrial Energy Transformational Fund Phase 2 Spring 2022 - Competition Bri...KTN
The Phase 2 competition for England, Wales and Northern Ireland opens on the 31st January 2022 and runs until 29th April 2022 and is worth up to £60 million in funding.
Horizon Europe ‘Culture, Creativity and Inclusive Society’ Consortia Building...KTN
The proposed approach involves using a "Citizen Dialog Kit" (CDK) platform to engage citizens in conversations at public places through wireless displays and an online platform. The CDK allows conveying real-time information to citizens and surveying their viewpoints. It empowers citizens to start conversations themselves. The proposer seeks a consortium that values engaging less spontaneously engaged citizens in their neighbourhoods and communities. As a university spin-off, the proposer brings the fully functioning CDK platform, customization expertise, and experience in citizen engagement projects and urban human-computer interaction evaluation studies.
Horizon Europe ‘Culture, Creativity and Inclusive Society’ Consortia Building...KTN
This webinar highlights relevant call topics within Cluster 2 which focuses on challenges pertaining to democratic governance, cultural heritage and the creative economy, as well as social and economic transformations.
Smart Networks and Services Joint Undertaking (SNS JU) Call TopicsKTN
The document provides information about the Smart Networks and Services (SNS) topics under Horizon Europe, the EU's research and innovation programme. It outlines the main types of funding actions - Research and Innovation Actions (RIA), Innovation Actions (IA), and Coordination and Support Actions (CSA). It also summarizes the four streams of SNS topics on smart communication components, radical 6G technology, experimental infrastructure, and large-scale trials with verticals. Support resources through UK Research and Innovation and the UK NCP network are listed at the end.
Building Talent for the Future 2 – Expression of Interest BriefingKTN
This competition briefing is supporting the creation, delivery, and growth of PEMD industry-focused course content, materials, and support for skills plus training.
Connected and Autonomous Vehicles Cohort WorkshopKTN
The document provides an agenda and overview for a Connected and Autonomous Vehicles (CAV) Cohort Workshop on December 14th, 2021. The agenda includes introductions from heads of CCAV and Future Regulations discussing key outcomes and areas of focus. There will also be presentations on the state of CAV development in the UK and potential use cases. The workshop aims to facilitate discussion and networking among innovators in the CAV field.
Performance Projects specialises in niche vehicle and motorsport innovation, designing, building and supplying complex subsystems through to whole vehicles.
How to Create a Good Horizon Europe Proposal WebinarKTN
This webinar provides you with the essential hands-on knowledge and skills to transform your innovative project ideas into competitive project proposals in response to calls under Horizon Europe.
Horizon Europe Tackling Diseases and Antimicrobial Resistance (AMR) Webinar a...KTN
Innovate UK KTN Global Alliance in partnership with the Foreign, Commonwealth and Development Office (FCDO) the UK Science and Innovation Network in Ireland and the Nordics, and UK National Contact Points (NCPs) from Innovate UK (UKRI) hosted a workshop to help delegates form international collaborations and strategic partnerships.
1. The document discusses Custom Interconnect Ltd (CIL), an electronics manufacturing company that specializes in power electronics and has expanded its capabilities for GaN and SiC devices.
2. CIL has been successful in projects like GaNSiC that developed new silver sintering techniques for attaching GaN and SiC dies.
3. CIL continues to work with customers on non-funded power electronics projects and has two new funded projects starting in early 2022.
ZF is a global technology company that supplies systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility. ZF allows vehicles to see, think and act. In the four technology domains Vehicle Motion Control, Integrated Safety, Automated Driving, and Electric Mobility, ZF offers comprehensive solutions for established vehicle manufacturers and newly emerging transport and mobility service providers.
FluxSys was formed in 2013, from their base in Wellesbourne, Warwickshire they support their UK and international clients with the specification, design and prototyping of a wide range of electric machines and drives.
FluxSys uses its skills, experience and independence within customers’ projects to support their electrification journeys and skills development, utilising knowledge sharing in an open & collaborative manner with like-minded clients and technical experts.
Made Smarter Innovation: Sustainable Smart Factory Competition BriefingKTN
Here are the key eligibility criteria for applicants:
- The lead applicant must be a UK registered business.
- Projects must be collaborative involving at least two organizations, including one UK SME.
- Projects must be carried out in the UK and exploit results in the UK.
- Project costs must be between £1-8 million.
- Grants cannot exceed 50% of costs for Strand 1 or 40% for Strand 2.
- Applicants can include UK businesses (small/micro, medium or large), universities and non-profit research organizations.
- Projects must apply to the correct strand - Strand 1 is data-centric while Strand 2 can focus on other digital
Driving the Electric Revolution – PEMD Skills HubKTN
Watch this briefing webinar to find out more about this new competition which supports the development of the Skills Hub, a training platform to support the PEMD sector.
Medicines Manufacturing Challenge EDI Survey Briefing WebinarKTN
In anticipation of the Medicines Manufacturing Challenge sending out an EDI survey to those involved in any projects funded under the programme, this webinar provides more context behind the request, an overview of the Innovate UK Equality, Diversity and Inclusion (EDI) programmes, and an opportunity for attendees to ask questions and get involved.
Horizon Europe Clean Energy Webinar - Cluster 5 Destination 3 | PitchesKTN
This webinar highlights funding call topics within Cluster 5 / Destination 3 of the Horizon Europe Framework Programme and bring you plenty of networking opportunities.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
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Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
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2. Seeking clarity? Please contact us…
1. Read our guidance:
Innovation Loans Overview:
https://www.gov.uk/guidance/innovation-loans-what-they-are-and-how-to-apply
Innovation Loans General Guidance:
https://www.gov.uk/guidance/innovation-loans-general-guidance-for-applicants
Competition Scope:
https://apply-for-innovation-funding.service.gov.uk/competition/411/overview
Competition Guidance for Applicants:
https://www.gov.uk/government/publications/innovation-loans-july-2019-open-competition-
guidance-for-applicants
2. For clarification around competition scope / Part A of application:
Contact Customer Support Service
Clarification through Competitions teams
3. For clarification around Part B of application / Early Metrics survey:
Contact Customer Support Service
Clarification through Innovation Loans team, including by conference call
Email support@innovateuk.gov.uk
Customer Support Service: 0300 321 4357 (Mon-Fri, 9am-5:30pm)
4. We can’t stop
thinking about
the future
The UK’s innovation agency
Innovate UK drives productivity and
growth by supporting businesses to
realise the potential of new technologies,
develop ideas and make them a
commercial success.
To stay competitive as an advanced
economy, we need to do things that
others cannot do, or to do things in
different and better ways.
5. 8,500unique
organisations
involved
Up to
£6-7for every
£1 we’ve
invested
£2.5bnsince 2007
We’ve funded around
11,000projects
Up to
£18bnin added value
to the economy
Investment of Industry match funding
taking
the total value of
projects above
£4.3bn
70,000jobs created in total
9 jobs
for each
organisation
involved
5
Investing for Impact
7. 7
Challenge Led
Industrial Strategy
Challenge Fund
Responsive
Smart Grants
Business Growth Pilots: Innovation Loans & Investment Accelerator
Knowledge Transfer Partnerships
Managed Programmes: Procurement, DMCS & CCAV, Late-stage (e.g APC)
How do we fund?
8. 8
AI and data
economy
Ageing
society
Clean
growth
Future of
mobility
Putting the UK at
the forefront of the
artificial intelligence
and data revolution
Harnessing the power
of innovation to help
meet the needs of an
ageing society
Maximising the
advantages for UK
industry from the global
shift to clean growth
Becoming a world
leader in shaping the
future of mobility
Industrial Strategy Challenge Fund:
Grand Challenges
10. Innovation loans
For businesses on the edge of greatness
We are running an extended pilot programme of loan
competitions to the end of 2019. The programme is aiming to
ensure that businesses can access funding at all stages of
innovation.
Up to £75 million available
for business innovation
projects near to market
(£50m initial pilot and £25m
extension)
Offered through competitions
to UK SMEs that want to scale
up by developing new services
Can be used for late-stage
R&D projects not yet at the
point of commercialization
Delivered by Innovate UK
Loans Ltd, a wholly-owned
subsidiary of Innovate UK
11. Single
Applicant
SMEs only
Up to 100% of
project costs
Later stage
R&D
Loan size
£100k to £1m
Affordable, flexible and patient
Below-market
interest
rate
7.4%
Flexible & patient
Up to 10 years
years
10
Innovation Loans
12. Innovation loans summary
• For businesses (SME):
• Innovative
• Growth oriented
• “Scaling” not “starting”
• Credit constrained
• Later stage R&D project (experimental
development) with clear route to commercial
success
• Risky project / company
For projects:
• Loan structured for project / commercial success
– Availability period (up to 3 years)
– Extension period (up to 2 years)
– Repayment period (up to 5 years)
• £100k to £1m for eligible project costs
• Below-market interest rate (7.4%)
– Availability / Extension periods 3.7% payable +
3.7% deferred
– Repayment period 7.4%
• Reasonable collateral / ‘senior subordinated’
– Mortgage debenture
– Specific charge over assets purchased / IP
developed with proceeds of loan
• Appropriate covenants
Summary heads of terms in
competition guidance
13. What will Innovation Loans be?
Innovation loans ARE.. Innovation loans ARE NOT..
Complementary to grants A replacement for grants
A new later stage R&D project For match funding a grant
A Pilot programme (£75m over 3 years) Core competitions
Repayable Free money, contingent or success based
On beneficial terms (State Aid)
- Below-market interest rate (7.4%)
- Interest-only period (up to 3 yr project / up to 2 yr to
get to market)
- Repayment period (up to 5 yr)
Typical commercial terms
- Limited availability
- High rates
Overdrafts or revolving facilities
‘Reasonably’ collateralised Unsecured (or PGs)
Available to single SMEs only Available to sole traders, large companies, universities,
collaborative consortia
Competitive, for the most innovative projects Always open, for any purpose, for the ‘easy stuff’
For suitable borrowers (scaling) For borrowers who can’t afford it (start ups, who need
equity)
For SMEs needing public support For those who can / should borrow commercially
14. Application process
Answer 11 questions
(+ appendices)
Complete Project
finances
Complete high growth
start up index survey
Scope / eligibility
check
Innovation
Assessment (Part A)
Credit Evaluation
(Part B)
Assessment Review
& Notification
Detailed credit analysis
Due diligence & loan
documentation
Feedback
Submit by deadline
Complete Business
financials
IFS Early Metrics
15. Key Dates
Time line Dates
Competition Opens 23rd September 2019
Briefing Events 21st October – 8th November 2019
Submission Deadline 27th November 2019 (Noon)
Initial notification to applicants 24th January 2020
Expected project start May 2020
16. Application progress “waterfall”
393
Applications
• 68 ineligible
325 eligible
/ in scope
120
progressed
(£82m)
88 loan offers
(£60m)
73 loans complete /
in final documentation /
meeting conditions
(£50m)
• 8 failed to meet
conditions (£5m)
• 7 withdrawn by client
(post offer) (£5m)
• 205 declined on
innovation quality /
credit suitability
• 27 declined by Credit
Committee (£19m)
• 5 withdrawn by client
(pre-offer) (£2m)
19. Open Competition objectives
• This competition aims to help businesses overcome barriers to the best cutting edge, game changing
innovations becoming a successful commercial reality. This includes making a considerable economic
impact and/or resulting in significant, sustainable business growth.
• Innovation loans are for highly innovative late stage projects (experimental development) with the
best game changing and/or disruptive ideas or concepts. There should be a clear route to
commercialisation and economic impact.
• Projects should aim to develop new products, processes or services (or innovative use of existing
ones) believed to be significantly ahead of anything similar in the field.
• Your proposal can come from any technology (including arts, design, media or creative industries) and
any part of the economy.
• Projects must focus on commercialisation, growth or scale up. Priority is given to proposals likely to
lead to growth, gains in productivity and/or access to new overseas markets through export.
20. “Experimental development”
• Acquiring, combining, shaping and using existing scientific, technological, business and other relevant
knowledge and skills with the aim of developing new or improved products, processes or services.
This may also include, for example, activities aiming at the conceptual definition, planning and
documentation of new products, processes or services;
• May comprise prototyping, demonstrating, piloting, testing and validation of new or improved
products, processes or services in environments representative of real life operating conditions where
the primary objective is to make further technical improvements on products, processes or services
that are not substantially set.
This may include the development of a commercially usable prototype or pilot which is necessarily the
final commercial product and which is too expensive to produce for it to be used only for demonstration
and validation purposes.
• Does not include routine or periodic changes made to existing products, production lines,
manufacturing processes, services and other operations in progress, even if those changes may
represent improvements
46. Credit Triage
Why do you need
public money?
• Revenue
generating
• Operating
profits
• Surplus cash
• Additional
equity being
raised upfront
Are you highly
innovative?
• Revenue
generating
• Operating
losses
• Sufficient cash
on balance
sheet
• Follow-on
equity being
raised
Are you
innovative?
• Minimal
revenues
• Operating
losses
• Insufficient
cash on
balance sheet
• Additional
equity
required
Is a loan suitable
and responsible?
• No revenues
• Inadequate
capitalisation
• Inadequate
funding
strategy
47. Who and what gets supported?
Both Innovation Quality and Credit Suitability required to progress, with bias towards innovation
Risk appetite: Recommended
Innovation: Above quality line
Risk appetite: Marginal Recommend
Innovation: Top 75% above quality line
Risk appetite: Marginal Decline
Innovation: Top 25% above
quality line
Risk appetite: Marginal
Recommend
Innovation: Lower 25% above
quality line
Risk appetite: Marginal Decline
Innovation: Lower 75% above quality line
Risk decline and / or below quality line
Risk appetite: Any
Innovation: Below quality line
Risk appetite: Decline
Innovation: Any score
48. Credit analysis
• Character:
• Likely commitment of the business to repay
• Management team / people:
• Capability / capacity of the business as a whole
• Liquidity / affordability: suitability of business for the proposed loan
• Cashflow
• Interest and debt service coverage
• Leverage
• Sources of additional capital
• Balance sheet
• Market:
• Resilience
• Competitor / market analysis
• Innovation risk
• Political / regulatory risk
• Control culture:
• Awareness and management of risks
• Project spend control environment
The 5 ‘C’s of Credit
1. Character (credit history)
2. Capacity to repay (the financial standing of the
business)
3. Capital (the equity in the business)
4. Conditions (the terms of the transaction)
5. Collateral (your security)
49. “Undertaking in Difficulty” Test
For the purposes of these guidelines, an undertaking is considered to be in difficulty when,
without intervention by the State, it will almost certainly be condemned to going out of
business in the short or medium term.
Therefore, an undertaking is considered to be in difficulty if at least one of the following
circumstances occurs:
(a) In the case of a limited liability company, where more than half of its subscribed
share capital has disappeared as a result of accumulated losses. This is the case when
deduction of accumulated losses from reserves (and all other elements generally
considered as part of the own funds of the company) leads to a negative cumulative
amount that exceeds half of the subscribed share capital.
Using customer information from the application we check you don’t breach the above test or that you have
potential mitigating factors:
• Under 3 years old
• Recent management accounts
• Credible plans to raise additional capital or show reduction in accumulated losses
• Deferral / conversion of liabilities (eg Directors’ loans)
General Block Exemption Regulations
50. Initial decision-making process
• Initial ‘Credit triage’ of all applications by Innovate UK Loans Ltd
• “Undertaking in difficulty”?
• Affordable?
• Appropriate for debt finance?
• Supported by credible management team?
• Innovation assessment
• Independent technical & commercial assessors score Part A
• Innovation quality ‘line draw’
• Notification:
• If ‘below the line’ or ‘unsuitable’: Application declined
• If ‘highly innovative’ and ‘not unsuitable’: progress to detailed credit analysis
51. Lending decisions / documentation
• Detailed credit analysis may lead to conditional loan offer
• Management presentation to Credit Committee:
• Project
• Wider business
• Responses to items identified by credit team
• Tour premises / meet key project team members
• Discussion of final offer terms
• Standard form loan agreement
• Pre-close due diligence:
• Verification of key information
• Know Your Customer / Anti Money Laundering / Politically Exposed Persons
• Corporate authorisations
52. Operating your loan
Availability period:
• First drawdown:
• Completion of loan agreement
• Satisfaction of all ‘conditions precedent’
• First drawdown notice completed
• Project baseline with Monitoring Officer
• Subsequent quarterly drawdowns
• Monitoring Officer sign off and reconciliation
• Credit Specialist sign off
• Interest quarterly in arrears (3.7% payable / 3.7% deferred), based on amount borrowed
Extension period:
• No further drawdowns permitted
• Interest quarterly in arrears (3.7% payable / 3.7% deferred), based on amount borrowed
• Monitoring by Monitoring Officer and Credit Specialist
Repayment period:
• No further drawdowns permitted
• Repayment of principal, deferred interest and interest at 7.4% (quarterly level payments)
• Monitoring by Credit Specialist
54. Key Dates
Time line Dates
Competition Opens 23rd September 2019
Briefing Events 21st October – 8th November 2019
Submission Deadline 27th November 2019 (Noon)
Initial notification to applicants 24th January 2020
Expected project start May 2020
55. Your project AND your business
PART A – your project
• 10 questions
• appendices (optional)
• project finances
• Innovation Funding Service
PART B – your business
• startup high growth index survey
• business financials
• Early Metrics online survey
56. Application process
Answer 11 questions
(+ appendices)
Complete Project
finances
Complete high growth
start up index survey
Scope / eligibility
check
Innovation
Assessment (Part A)
Credit Evaluation
(Part B)
Assessment Review
& Notification
Detailed credit analysis
Due diligence & loan
documentation
Feedback
Submit by deadline
Complete Business
financials
IFS Early Metrics
57. Application form
Question 1 Need or challenge
Question 2 Approach and innovation
Question 3 Team and resources
Question 4 Market awareness
Question 5 Outcomes and route to market
Question 6 Wider impacts
Question 7 Project management
Question 8 Risks
Question 9 Added value
Question 10 Costs and value for money
Question 11 Business plan and financial statements
Appendix Q3
Appendix Q7
Appendix Q8
Appendix Q2
IFS Application Questions
Detailed Guidance
Available on IFS
Appendix Q11
59. Complete Early Metrics survey
The survey questions include a mixture of:
• requests for specific information (for example on
monthly revenues or number of employees)
• selection of category responses (for example on the
stage of development of your product or service)
• self-assessment scoring (for example on the level of
important challenges to your growth)
• text (for example to allow you to provide a description
of your business model)
• Upload (business financials to show how you will be able
to repay the loan).
This survey should take no longer than one hour to
complete for a well-prepared applicant.
60. Survey Questions
• B1: Basic Information – What is your business, core product offering / value proposition?
• B2: Human resources / company structure – Who are the founders / management team, what
experience do they have and what is the management structure?
• B3: Commercial activity – What is the past, current and forecast commercial activity / customer
base / sales channels / domestic and international?
• B4: Product development – What is the past, current and forecast stage of development of your
technology and plans for future developments?
• B5: Finance and fundraising – What are your revenues / costs / cash and other current assets /
liabilities / strategy and plans for raising additional debt and equity finance?
• B6: Growth challenges – What is your self-assessment of the main challenges and risks to your
business growth?
• B7: Business financials
- summary historic profit and loss accounts and balance sheets for the past 3 years (or since
incorporation if less than 3 years)
- summary forecast cash flows, profit and loss accounts and balance sheets for the full
duration of the preferred loan conditions
62. Please submit your application early!
65% submitted on the last day
31% submitted in the last 2 hours
63. Seeking clarity? Please contact us…
1. Read our guidance:
Innovation Loans Overview:
https://www.gov.uk/guidance/innovation-loans-what-they-are-and-how-to-apply
Innovation Loans General Guidance:
https://www.gov.uk/guidance/innovation-loans-general-guidance-for-applicants
Competition Scope:
https://apply-for-innovation-funding.service.gov.uk/competition/411/overview
Competition Guidance for Applicants:
https://www.gov.uk/government/publications/innovation-loans-july-2019-open-competition-
guidance-for-applicants
2. For clarification around competition scope / Part A of application:
Contact Customer Support Service
Clarification through Competitions teams
3. For clarification around Part B of application / Early Metrics survey:
Contact Customer Support Service
Clarification through Innovation Loans team, including by conference call
Email support@innovateuk.gov.uk
Customer Support Service: 0300 321 4357 (Mon-Fri, 9am-5:30pm)
66. Applicant Must be a UK-based SME
Research category Experimental development
Loan amount requested Between £100k and £1million
Project length (availability period) Up to 3 years
Project length (extension period) Up to 2 years
Repayment period Up to 5 years
IFS Application – Part A and Project Finance form +
appendices (A2, A3, A7, A8, A11)
10 marked questions
Survey – Early Metrics startup high growth index, including
business financials
6 question areas + historic / forecast
financials
Competition eligibility
67. Key Dates
Time line Dates
Competition Opens 23rd September 2019
Briefing Events 21st October – 8th November 2019
Submission Deadline 27th November 2019 (Noon)
Initial notification to applicants 24th January 2020
Expected project start May 2020
69. Search for a funding competition and review criteria
70. Applicant: create an account
To create your account:
UK based businesses - Use Companies House
lookup as it speeds up our checks by providing
your company number and you are unable to
enter it at a later date
Research organisations, academics &
Universities - Enter your information manually
so you’re not listed as a business on IFS and
ensure you receive the correct funding
71. Project Details
• Application Team
- Contributors: Invite colleagues from your own organisation to help you complete your
application
• Application Details
- Title, Timescales, Research Category, Innovation Area & Resubmission (y/n)
• Project Summary
- Short summary and objectives of the project including what is innovative about it
• Public Description
- Description of your project which will be published if you are successful
• Scope - How does your project align with the scope of this competition?
- If your project is not in scope, it will be ineligible for funding
72. Application form
Question 1 Need or challenge
Question 2 Approach and innovation
Question 3 Team and resources
Question 4 Market awareness
Question 5 Outcomes and route to market
Question 6 Wider impacts
Question 7 Project management
Question 8 Risks
Question 9 Added value
Question 10 Costs and value for money
Question 11 Business plan and financial statements
Appendix Q3
Appendix Q7
Appendix Q8
Appendix Q2
Application Questions
Detailed Guidance
Available on IFS
Appendix Q11
73. Part A Scored Questions (each
scored out of 10)
• A1: Need or Challenge – What is the business need, technological challenge or market opportunity?
• A2: Approach and Innovation – what approach will you take and where will the focus of the innovation be?
• A3: Project team and resources – who is in the project team and what are their roles?
• A4: Market awareness – what does the market you are targeting look like?
• A5: Outcomes and route to market – how do you propose to grow your business and increase your
productivity into the long term as a result of your project?
• A6: Wider impacts – what impact might this project have outside your business? Identify these and where
possible quantify.
• A7: Project management – how will you manage the project effectively?
- Includes how the project relates to each stage of the innovation loan (availability period; extension period;
and repayment period)
• A8: Project risks – what are the main risks for this project?
• A9: Added value – describe the impact an innovation loan would have on this project
• A10: Costs and value for money – how much will this project cost; how does it represent value for money for
your business & the taxpayer?
• A11: Business plan – option to attach summary business plan as appendix (NOT SCORED)
76. Overheads
- Innovate UK’s definition:
- Additional costs and operational expenses incurred
directly as a result of the project. These could
include additional costs for administrative staff,
general IT, rent and utilities
- Indirect (administration) overheads
• please ensure they are additional and
directly attributable to the delivery of the
project
- Direct overheads
• E.g. office utilities, IT infrastructure, laptop
provision not covered by capital usage
• must be directly attributable to the project
• Provide detailed breakdown together with
methodology/basis of apportionment
77. Material costs
Please be clear on what
the materials are, just
putting consumables
doesn’t provide enough
detail and we will request
more information should
you be successful
78. Capital equipment usage
Eligible:
• Used in the project or shared with
day-to-day production
Calculations will need to be in line with your
accounting practices.
Even if the equipment is depreciated fully over
the life of the project this must be added under
capital equipment.
79. - Innovation loans can fund the Eligible Project Costs of an R&D project
- Use of capital equipment in an R&D project is an eligible project cost
- Project includes both Availability and Extension Periods
- What cost relates specifically to the project?
- Acquisition cost £100,000
- Less residual value at the end of the project £20,000
- For the proportion of use that relates to the project 75%
- Eligible cost: (£100,000 - £20,000) x 75% = £60,000
- Grant-funded project: ‘use’ is spread over the project period and reclaimed quarterly
- Innovation loan project: the full amount of the eligible project cost can be borrowed
when required to fund new equipment purchase
- Costs of installation, adaptation, testing, certification etc are covered under labour,
materials, sub-contract, overheads etc as incurred, borrowed quarterly in advance
Capital equipment usage
80. Sub-contractors
Eligible:
•Justified and quantified
•If using non-UK sub-contractors are
being used you will need to provide
strong justification on why an UK-based
sub-contractor is not being used
•If you’re sub-contracting to a parent or
sister company, please ensure you list
at cost and do not include profit.
81. Travel & Subsistence
Eligible:
Costs must be directly linked to
the project
Please breakdown your costs as
follows:
• Travel
• Accommodation
• Subsistence
If you have an annual trip to visit the parent company this is not an eligible cost
82. Other costs
Eligible:
•Costs that could not be added under
previous headings.
•Do not double count
•Patent filing costs for new IP – SMEs
up to £7,500
83. Eligible project costs
Labour costs
Overheads
Materials
Capital equipment usage
Sub-contracts
Travel & subsistence
Other costs
• Other eligible costs not included in the above headings
IP filing costs up to £7,500 (SME only)
84. Ineligible project costs
Χ Recoverable input or output VAT
Χ Interest charges, bad debts, profits, advertising, entertainment
Χ Hire purchase interest and associated service charges
Χ Profit earned by a subsidiary or by an associate undertaking work sub-contracted
out under the project
Χ Inflation and contingency allowances
Χ The value of existing assets such as IPR, data, software and other exploitable
assets that are contributed to the project
Χ Independent Accountant’s Report Fees
88. Application Assessment
All applications are assessed by independent assessors drawn from industry
and academia
- What do they look for?
• Clear and concise answers
• The right amount of information
• not too much detail
• no assumptions
• Quantification and justification
• A proposal that presents a viable opportunity for growth, a level of innovation that
necessitates public sector investment and has the right team and approach to be
successful
Keep your assessors engaged
and interested in your proposal.
You want them to be fascinated
and excited by your idea!
89. Note on feedback
• The feedback is compiled using the written comments of the
independent assessors who review and assess the applications.
• It is intended to be constructive in nature and to highlight both the
strong as well as the weak areas of your application.
• Please bear in mind that because applications are assessed by a number
of assessors, you may receive information which appears to be
conflicting. This may reflect their different interpretations of the
proposal that you submitted.
• It must also be noted that some proposals may appear to have been
favourably assessed based on their comments, in such instances it could
be that your proposal simply fell below the funding threshold, with
others achieving a higher merit score overall.
90. Scoring
• We review scores and feedback to check assessors are adhering to our
guidelines and scoring fairly.
• In some cases, where we feel a score is unjust and not supported by
feedback, we may remove that score as an outlier and update the total
score for the application.
• Please be aware that both low and high outliers may be removed and as
a result scores may increase or decrease.
93. Complete Early Metrics survey
The survey questions include a mixture of:
• requests for specific information (for example on
monthly revenues or number of employees)
• selection of category responses (for example on the
stage of development of your product or service)
• self-assessment scoring (for example on the level of
important challenges to your growth)
• text (for example to allow you to provide a description
of your business model).
This survey should take no longer than one hour to
complete for a well-prepared applicant.
94. Survey Questions
• B1: Basic Information – What is your business, core product offering / value proposition?
• B2: Human resources / company structure – Who are the founders / management team, what
experience do they have and what is the management structure?
• B3: Commercial activity – What is the past, current and forecast commercial activity / customer
base / sales channels / domestic and international?
• B4: Product development – What is the past, current and forecast stage of development of your
technology and plans for future developments?
• B5: Finance and fundraising – What are your revenues / costs / cash and other current assets /
liabilities / strategy and plans for raising additional debt and equity finance?
• B6: Growth challenges – What is your self-assessment of the main challenges and risks to your
business growth?
• B7: Business financials
- summary historic profit and loss accounts and balance sheets for the past 3 years (or since
incorporation if less than 3 years)
- summary forecast cash flows, profit and loss accounts and balance sheets for the full
duration of the preferred loan conditions
97. Declaration
Entering into a loan agreement with us is a significant financial commitment. In applying, you:
• Confirm you have made your own assessment in relation to the suitability of the loan agreement (as outlined in the Heads of
Terms) for your business;
• Consent to all searches necessary to determine the financial status of your business and other relevant checks appropriate to
assessing credit worthiness;
• Understand that as part of our due diligence key persons, directors, beneficial owners and any relevant related persons may be
required to consent to credit reference checks;
• Understand that information provided by you in the application will form part of the loan agreement. Any information later proven
to be false or misleading may lead to a breach of the loan agreement which could result in the immediate withdrawal of the loan, a
demand for immediate repayment and the enforcement of any security granted in connection with the loan agreement;
• Acknowledge that upon entry into a loan agreement with us you will incur binding legal obligations and should seek independent
legal advice;
• Confirm you are applying to enter into a loan agreement wholly or predominantly for the purposes of a business carried on by your
or intended to be carried on by you;
• Understand you will not have the benefit of the protection and remedies that would be available to you under the Financial
Services and Markets Act 2000 or the Credit Consumer Act 1974 if this agreement were a regulated agreement under those Acts,
and;
• Confirm you are aware that if you are in any doubt as to the consequences of the agreement not being regulated by the Financial
Services and Markets Act 2000 or the Consumer Credit Act 1974, then you should seek independent legal advice.
98. IFS + Survey required
PART A
• Completion of IFS application
• Application questions
• Project finances
• Appendices (Optional)
PART B
• Completion of online survey
• Early Metrics startup high growth index survey
• Business financials
99. Application process
Answer 11 questions
(+ appendices)
Complete Project
finances
Complete high growth
start up index survey
Scope / eligibility
check
Innovation
Assessment (Part A)
Credit Evaluation
(Part B)
Assessment Review
& Notification
Detailed credit analysis
Due diligence & loan
documentation
Feedback
Submit by deadline
Complete Business
financials
IFS Early Metrics
102. Project set up
- You will be required to complete project set up. To avoid delays you should consider:
• Who will be the project manager?
• Who will be the finance contact?
104. What is an SME?
Category Headcount Turnover OR Balance
sheet
Medium <250 ≤ €50m ≤ €43m
Small <50 ≤ 10m ≤ €10m
Micro <10 ≤ €2m ≤ €2m
The main factors determining whether an enterprise is an SME:
1. staff headcount
2. either turnover or balance sheet total
These ceilings apply to the figures for individual firms only.
A firm that is part of a larger group may need to include staff headcount/turnover/balance
sheet data from that group too.
The EU User Guide to the SME Definition:
http://ec.europa.eu/DocsRoom/documents/15582/attachments/1/translations
105. “Experimental development”
• Acquiring, combining, shaping and using existing scientific, technological, business and other relevant
knowledge and skills with the aim of developing new or improved products, processes or services.
This may also include, for example, activities aiming at the conceptual definition, planning and
documentation of new products, processes or services;
• May comprise prototyping, demonstrating, piloting, testing and validation of new or improved
products, processes or services in environments representative of real life operating conditions where
the primary objective is to make further technical improvements on products, processes or services
that are not substantially set.
This may include the development of a commercially usable prototype or pilot which is necessarily the
final commercial product and which is too expensive to produce for it to be used only for demonstration
and validation purposes.
• Does not include routine or periodic changes made to existing products, production lines,
manufacturing processes, services and other operations in progress, even if those changes may
represent improvements
106. “Undertaking in Difficulty” Test
For the purposes of these guidelines, an undertaking is considered to be in difficulty when,
without intervention by the State, it will almost certainly be condemned to going out of
business in the short or medium term.
Therefore, an undertaking is considered to be in difficulty if at least one of the following
circumstances occurs:
(a) In the case of a limited liability company, where more than half of its subscribed
share capital has disappeared as a result of accumulated losses. This is the case when
deduction of accumulated losses from reserves (and all other elements generally
considered as part of the own funds of the company) leads to a negative cumulative
amount that exceeds half of the subscribed share capital.
Using customer information from the application we check you don’t breach the above test or that you have
potential mitigating factors:
• Under 3 years old
• Recent management accounts
• Credible plans to raise additional capital or show reduction in accumulated losses
• Deferral / conversion of liabilities (eg Directors’ loans)
General Block Exemption Regulations
108. Describe:
• the main motivation for the project; the business need, technological
challenge or market opportunity
• the nearest current state-of-the-art (including those near-market or in
development) and its limitations
• any work you have already done to respond to this need. For example, is
the project focused on developing an existing capability or building a new
one?
• the wider economic, social, environmental, cultural and/or political
motivations which are influential in creating the opportunity (for example
incoming regulations). Our Horizons tool can help
here: http://horizons.innovateuk.org/
Question A1 : Need or
challenge
What is the business need, technological challenge
or market opportunity driving your innovation?
109. Explain:
• how you propose to address the need, challenge or opportunity identified
• how it will improve on the nearest current state-of-the-art identified
• whether the focus of the innovation in the project will be in the application of
existing technologies in new areas, development of new technologies for existing
areas or a totally disruptive approach
• the freedom you have to operate
• how this project fits with your current product/service lines/offerings
• how it will make you more competitive
• the nature of the outputs you expect from the project, such as report, demonstrator,
know-how, new process, product or service design and how these will take you closer
to targeting the need, challenge or opportunity identified
• the current level of readiness, how it is likely to change over the life of the project,
and how it is likely to lead to project success, using appropriate readiness scales (TRL
/ MRL / CRL)
Question A2 : Approach
and innovation
What approach will you take and where will the
focus of the innovation be?
Appendix may be used to provide a graphic, diagram or image to explain the technology,
product or service innovation (up to 2 pages in PDF format)
110. Describe:
• the roles, skills and relevant experience of all members of the project
team in relation to the approach you will be taking
• the resources, equipment and facilities required for the project and how
you will access them
• any vital external parties, including sub-contractors, who you will need to
work with to successfully carry out the project
• any gaps in the team that will need to be filled
• the resources that are available to take the project to market after the
initial development period, which might include commercial officers
and/or sales people, as well as marketers
Question A3 : Team and
resources
Who is in the project team and what are their roles?
Appendix may be used to describe the skills and experience of the main people who will be
working on the project (up to 4 pages in PDF format)
111. Describe:
• the markets (domestic and/or international) you will be targeting in the project and any other
potential markets
• for the target markets:
- the size of the addressable market or markets for the project outcome or outcomes
backed up by appropriate references where available
- the structure and dynamics of the market (such as customer segmentation and market
regulation), together with predicted growth rates within clear timeframes
- the main supply or value chains and business models in operation and any barriers to
entry
- the current UK position in addressing this market
• for highly innovative projects where the market may be undeveloped:
- what its size might be
- how the project will seek to exploit the market potential
- what makes it a suitable market
• for other markets: the size and main features
Question A4 : Market
awareness
What does the market you are targeting look like?
112. Describe:
• your current position in the market or markets and supply or value chains outlined, and tells
us whether you will be extending or establishing your market position
• your target customers and/or end users, and the value proposition to them explaining why
they would use or buy the product or service
• your route to market
• how you are going to profit from the innovation through increased revenues or cost reduction
• the approach you will take to commercialise the outputs from the project
• how the innovation will impact your productivity and growth in the short and long-term
• how you will protect and exploit the outputs of the project for example, through know-how,
patenting, designs or changes to your business model
• your strategy for addressing the other markets identified during or after the project
• how you expect to use the results generated from the project in further research activities, if
appropriate
Question A5 : Outcomes
and route to market
How do you propose to grow your business and
increase your productivity into the long term as a
result of the project?
113. Identify and where possible measure or quantify:
• the economic benefits from the project to those outside the project (for
example, customers, others in the supply chain, broader industry and the
UK economy) such as productivity increases and import substitution
• any expected social impacts, either positive or negative on for example,
the quality of life, social inclusion or exclusion, jobs (safeguarded, created,
changed, displaced), education, public empowerment, health and safety,
regulations, diversity, government priorities
• any expected environmental impacts, either positive or negative
• any expected regional impacts of the project (local, regional, national and
global).
Question A6 : Wider
impacts
What impact might this project have outside your
business?
114. Outline:
• the main work packages of the project, indicating the relevant research
category and the total cost of each one
• how the project relates to each stage of the innovation loan and how it
will be managed, including the availability / extension /repayment periods
• your approach to project management, identifying any key tools and
mechanisms that will be used to ensure a successful project outcome
• your approach to managing the most innovative aspects of the project
• your project’s management reporting lines
• your project plan in sufficient detail to identify any links or dependencies
between work packages or milestones
Question A7 : Project
management
How will you manage the project effectively?
Appendix may be used to submit a project plan/Gantt chart (up to 2 A4 pages in length in
PDF format)
115. Identify and explain:
• the key risks and uncertainties of the project, including the technical,
commercial, intellectual property, managerial, stakeholder
communication, health, safety and environmental risks, highlighting the
most significant ones and providing a risk register if appropriate
• how these risks will be mitigated
• any project inputs on the critical path to completion such as resources,
expertise, data sets
• whether the output is likely to be subject to regulatory requirements,
certification, ethical issues and so on and how you will manage this
Question A8 : Project Risks What are the main risks for this project?
Appendix may be used to submit a risk register to support this question (up to 2 A4
pages in length in PDF format)
116. Tell us:
• if this project could go ahead in any form without the innovation loan and
if so, the difference the loan would make, such as creating a faster route
to market or reducing risk
• the likely impact of the project on your business
• why you are not able to fund the project from your own resources or
other forms of private-sector funding and what would happen if the
application is unsuccessful
• how this project would change the nature of R&D activity you would
undertake and the related spend
Question A9 : Added Value Describe the impact that an innovation loan would
have on this project.
117. Justify:
• the total project cost and the loan amount being requested in terms of the
goals of the project and your business
• any sub-contractor costs and why they are critical to the project
Explain how this project:
• represents value for money for you and the taxpayer
• compares to what you would spend your money on otherwise
Question A10 : Costs and
value for money
How much will the project cost and how does it
represent value for money for your business and the
taxpayer?
118. Question A11 : Business
plan (NOT SCORED)
What is your business plan?
Appendix may be used to submit a summary business plan or business overview presentation to
support your application (up to 20 pages in PDF format)
You should provide a summary or overview of your business plan
120. Question B1: Basic information
This section of the survey contains questions which intend to capture basic information about your:
- business
- core product offering
- value proposition and business model
- target customers
- stage of maturity
121. Question B2: Human resources and company
structure
This section of the survey contains questions which intend to capture information about your:
- founders
- shareholders
- board of directors and advisors
- employees
122. Question B3: Commercial activity
This section of the survey contains questions which intend to capture information about your:
- past, current and forecast commercial revenues
- past, current and forecast customer numbers
- direct and indirect sales channels
- international activities
- social media or other online presence
123. Question B4: Product development
This section of the survey contains questions which intend to capture information about your:
- past, current and forecast stage of technical development for your core product or service
- plans for developing and launching new products or services
- resources for research and development, product development and launch
- intellectual property
124. Question B5: Finance and fundraising
This section of the survey contains questions which intend to capture information about your:
- revenues
- costs
- cash and other current assets
- liabilities
- strategy and plans for raising additional equity and debt finance
125. Question B6: Growth challenges
This section of the survey contains questions which are intended to capture your self-assessment of the
main challenges and risks to your business growth, including:
- attracting and retaining employees
- implementing processes
- managing cashflow
- creating and maintaining a strong company culture
- winning trials or pilots and converting these into commercial contracts
- attracting and retaining users and customers
- entering international markets
- complying with regulations or policies and adapting to changes in regulatory environments
- protecting intellectual property
- obtaining additional finance
126. Financial information
You should provide:
- summary historic profit and loss accounts and balance sheets for the past 3 years (or since
incorporation if less than 3 years)
- summary forecast cash flows, profit and loss accounts and balance sheets for the full duration of
the preferred loan conditions
This information should be inputted to the Cashflow Forecast, Profit and Loss Forecast and Balance
Sheet Forecast templates and uploaded to the survey form as a PDF file.
This financial information is to enable us to make a full credit evaluation of your business and
determine whether the loan requested is suitable for your business.
129. State Aid (1)
• Innovation loans will be offered under Innovate UK’s Notified Scheme for Aid for Research &
Development & Innovation (Aid for research & development projects, GBER Art. 25)
• The aid offered is the “grant equivalent” of the value of the difference between our loan offer
and the ‘market rate’ for borrowers
– Lower interest rate
– Absence of fees
• The “grant equivalent” as a percentage of the eligible costs must be below the relevant
“intensity level” for experimental development projects
– 45% for micro / small businesses
– 35% for medium-sized businesses
130. State Aid (2)
• The aid offered is the “grant equivalent”: the value of the difference between
our loan offer and the ‘market rate’ for borrowers
• Market rate is based on actual rates, benchmarking similar SMEs, or using the
EC ‘reference rate’ as a proxy
• ‘Reference rate’ is based on
– Borrower credit rating
– Level of collateral
– Subordination of the loan
– National base rate
131. State Aid (3)
Rating category
Low Collateralisation Subordination UK Sovereign Ref rate
bps bps bps bps
Strong (AAA – A) 100 220 65 285
Good (BBB) 220 400 65 465
Satisfactory (BB) 400 650 65 715
Weak (B) 650 1000 65 1065
Bad/financial difficulties (CCC
and below)
1000 1000 65 1065
Reference rate:
BB rated borrower, subordinated loan with low collateral value reference rate: 7.15%
B or below rated borrower, subordinated loan with low collateral value reference rate: 10.65%
Benefit of interest rate:
BB rated: 7.15% - 3.7% = 3.45%
B or below rated: 10.65% - 3.7% = 6.95%
Benefit also in absence of arrangement, monitoring, non-utilisation fees
Grant equivalent:
Loan amount x benefit over loan term, discounted to present value at 1.65%
132. Summary Heads of Terms
for Innovate UK Loans Ltd
Loan Agreement
133. Summary Heads of Terms
Lender Innovate UK Loans Ltd
Borrower Eligible SMEs, being within the scope of the competition brief
Amount £100,000 to £1m (or up to 100% of eligible costs, subject to state aid intensity levels, whichever is lower)
Term Up to 10 years:
Stage 1: availability period of up to 3 years (drawdown of loan)
Stage 2: extension period of up to 2 years (no further drawdowns)
Stage 3: repayment period of up to 5 years
Purpose Loan to meet the eligible costs of a project that includes experimental development. This should be to
develop and commercially exploit innovation within the scope of the loan competition (as per brief)
Drawdown Staged drawdowns, quarterly, based on project milestones.
Subject to project progress, Monitoring Officer sign-off and financial and reporting covenants being met.
Full amount will not be drawn at the outset.
Fees No arrangement, commitment, non-utilisation, monitoring or security fees will usually apply.
Subject to prior agreement with the borrower, where bespoke activities or arrangements are required to
complete a transaction, the lender reserves the right to pass on or share these costs (including the
lender’s legal and valuation fees).
134. Summary Heads of Terms (continued)
Interest During the availability and extension periods, interest will be payable quarterly at 3.7% a year on
amounts outstanding.
During the availability and extension periods, interest will be accrued quarterly at 3.7% a year on
amounts outstanding and deferred to the repayment period.
During the repayment period, interest will be payable quarterly at 7.4% a year on amounts outstanding,
including the deferred interest from the availability and extension periods.
Fixed interest rate, subject to any restructuring or extension of the loan agreement.
The first interest period will start on the first drawdown date and the final interest period will end on the
termination date.
Repayment The final repayment structure will be determined by the lender but could include:
1. Interest-only period of up to 5 years, consisting of the agreed availability period and extension period
2. Repayment period of up to 5 years by way of quarterly repayments including interest accrued and
deferred during the availability and extension periods
Pre-conditions The pre-conditions will include at least:
1. Evidence of the borrower’s status as an eligible SME
2. Delivery of the borrower’s business plan in a form satisfactory to the lender
3. Delivery to the lender of the corporate authorisations of the borrower approving the borrower’s
entry into the loan agreement and associated documentation, and approving a specified
authorised signatory to sign for and on behalf of the borrower
4. Delivery to the lender of all relevant insurance documents
5. Delivery to the lender of all relevant financial and tax information
135. Summary Heads of Terms (continued)
Security Typical security for a transaction of this nature may include, but is not limited to:
1. A debenture over the borrower’s assets (including, and without limitation, a fixed charge over key
assets and a floating charge over all other assets of the borrower).
2. A legal charge over intellectual property and specific assets financed under the loan agreement.
Where other funders are involved in a package deal, or future commercial investment is subject to
securing priority, intercreditor arrangements may be required. In this event priority over assets not
specifically scheduled in support of the innovation loan will not be unreasonably withheld.
The lender will not take personal guarantees or security over principal private residences or benefit from
the future sale thereof in the event of a realisation.
136. Summary Heads of Terms (continued)
Loan covenants The covenants set on each loan will depend on the structure of the transaction and the nature of the project. It is
important to note that these covenants will consider the overall viability of the business of the borrower. They
will be relevant to the proper management of public funds, but should not prevent the borrower from delivering
their planned activity.
The lender expects the project to meet its scheduled delivery timetable with the support of the Monitoring
Officer.
For example, covenants will include, at least, the following:
Affirmative covenants
- Maintaining financial records and MI
- Compliance with UK tax obligations
- Maintenance of adequate insurance, including specific insurance in connection with the assets of the
borrower and “key person” cover
Negative covenants
- Control of “cash out”, dividends and/or withdrawal of directors’ loans
- Right of approval on change of control or business sale
- Requirement to maintain prescribed debt service cover, liquidity, leverage and/or current assets ratios
Reporting covenants
- Annual accounts: audited as appropriate and as filed at Companies House and/or draft annual accounts,
accountant-certified forecasts, regular management information, tax returns, bank statements.
Where the delivery of the project, its subsequent commercialisation and the overall viability of the business relies
on the quality of the project, the business leadership team and the individuals within it, the lender may require
“key person” clauses in addition to the items above.
137. Summary Heads of Terms (continued)
Events of default The events of default will depend on the structure of the transaction and the nature of the project. The
events of default will be market standard and will include at least the following:
1. Change of control of the borrower without the lender’s prior written consent, which will not be
unreasonably withheld.
2. The departure of a “key person” from the business or the project without the lender’s prior
agreement to the proposed and timely remedy, which will not be unreasonably withheld.
3. Non-payment on repayment date.
4. The borrower’s failure to comply with its obligations under the loan agreement.
5. Insolvency of the borrower.
6. Cross-default.
7. It is or becomes unlawful for any party to perform its obligations under the loan agreement.
If the borrower defaults on its loan commitments, the lender will take steps to recover the debt in line
with standard commercial practice.
138. Summary Heads of Terms (continued)
Transferability and
disclosure
The lender may freely transfer its rights under the loan agreement.
The lender may disclosure information applicable to such a transfer.
The borrower shall reasonably assist with the provision of such information.
The borrower may not assign or transfer its rights under the loan agreement.
Governing law English.
Documentation The lender’s standard form loan agreement and security documentation will be used to document
the transaction.
139. Seeking clarity? Please contact us…
1. Read our guidance:
Innovation Loans Overview:
https://www.gov.uk/guidance/innovation-loans-what-they-are-and-how-to-apply
Innovation Loans General Guidance:
https://www.gov.uk/guidance/innovation-loans-general-guidance-for-applicants
Competition Scope:
https://apply-for-innovation-funding.service.gov.uk/competition/411/overview
Competition Guidance for Applicants:
https://www.gov.uk/government/publications/innovation-loans-july-2019-open-competition-
guidance-for-applicants
2. For clarification around competition scope / Part A of application:
Contact Customer Support Service
Clarification through Competitions teams
3. For clarification around Part B of application / Early Metrics survey:
Contact Customer Support Service
Clarification through Innovation Loans team, including by conference call
Email support@innovateuk.gov.uk
Customer Support Service: 0300 321 4357 (Mon-Fri, 9am-5:30pm)