£19m now available to develop your innovative business idea

Credit: Shutterstock.com/ Ink Drop

More money is now available to UK businesses working on projects to develop new or novel products, processes and services. Innovate UK is to invest a further £4 million in its open competition, taking the total amount of funding up to £19 million.

In this competition we are looking for innovative ideas across a range of technology and business areas, including art and design, media and creative industries, as well as science.

Projects should be disruptive and significantly different to anything that’s already on the market or in development. They can range from short feasibility studies to longer industrial research or experimental development projects.

Importantly, in completing the project there must be the potential for it to create commercial or economic growth.

The competition application deadline is 9 May 2018. Business can work on their project alone or in collaboration with other organisations or researchers. Projects can range in size between £25,000 and £1 million and last between 6 months and 3 years.