the Department of Business, Energy, and Industrial Strategy - Established in 2007 to “accelerate UK economic growth through funding and connecting business-led innovation” - Invested £2.2bn (matched by industry to £3.6bn) - Funded 11,000 projects - Created 70,000 jobs - Generated £7.30 for every £1 invested - Now part of UKRI
Grants Programme Access to international collaborations and markets: Go Global Skills and Talent: Knowledge Transfer Partnerships Managed Programmes: Procurement, Gov’t, Late-stage Place: SIPF Business Growth: Innovation Loans & Investment Accelerator
funding processes - Simultaneous grant funding and venture capital investment for early stage projects - Enable leadership teams to have more time to focus on managing the business rather than continually chasing investment - Enable early stage companies to get direct access to the commercial acumen and market access opportunities private sector equity investors provide - Aiming to provide the runway for later stage capital and equity investment beyond grant funding - Current Call: Immersive technology investment accelerator
billion increase in research and development over 4 years. - Designed to ensure that research and innovation takes centre stage in the Government’s Industrial Strategy. - Built around the 4 Grand Challenges: - AI and Data Economy: put the UK at the forefront of the artificial intelligence and data revolution - Ageing Society: harness the power of innovation to help meet the needs of an ageing society - Clean Growth: maximise the advantages for UK industry from the global shift to clean growth - Future of Mobility: become a world leader in shaping the future of mobility - Delivered in Waves
- Data to early diagnosis and precision medicine - Prospering from the energy revolution - Healthy ageing - Next generation services - Quantum technology - Transforming construction - Transforming food production
must include an SME - Supports research and feasibility, through to testing and development, up to commercialisation - Grants are awarded competitively and – depending on their size and type of project - companies have to provide matched-funding of 30-75%. - Rolling programme, approx. £20m per round - Supports two sizes of project - Projects between 6 and 18 months: total cost between £25,000 and £500,000 - Projects between 19 and 36 months: total cost between £25,000 and £2 million - Closes 24 April 2019 12:00pm
in the Internet of Things - UK businesses can apply for a share of up to £6 million for collaborative R&D projects addressing major cyber security challenges in the Internet of Things. - Digital health technology catalyst round 4: collaborative R&D - UK businesses can apply for a share of up to £5 million to develop new digital health solutions. Projects can use the services of the NICE DataLab to help with real world data. This funding is from the Industrial Strategy Challenge Fund. - Ocean plastic solutions investment accelerator: reducing plastic pollution - UK businesses can apply for a share of up to £2 million to develop solutions that tackle the environmental crisis of plastic pollution in the world’s oceans. - APC 12: advancing the UK’s low carbon automotive capability - £20 million of collaborative (match) funding is available for UK-developed late stage R&D, to support growth in advanced low carbon propulsion capability in the automotive sector.