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Synthetic Biology in Cambridge

 

£25,000-£2M for game-changing and commercially viable innovative or disruptive ideas. All proposals must be business focused. 6-36 month projects which can be be applied to any part of the economy, including science and engineering.

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  • Competition opens: Friday 10 January 2020

  • Competition closes: Wednesday 27 May 2020 12:00pm

  • Duration between 6 and 18 months: total eligible project costs between £25,000 and £500,000. Can be single or collaborative.

  • Duration between 19 and 36 months: total eligible project costs between £25,000 and £2 million. Must be collaborative.

Smart is the new name for Innovate UK’s ‘Open grant funding’ programme.

Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing and commercially viable innovative or disruptive ideas. All proposals must be business focused.

Applications can come from any area of technology and be applied to any part of the economy, such as but not exclusively:

  • the arts, design and media

  • creative industries

  • science or engineering

Whilst we welcome projects that overlap with the grand challenge areas this is not a requirement, as we are also keen to support projects in other areas.

We may consider eligible project costs over £2 million (but not exceeding £3 million), subject to the process set out under ‘Eligibility’.

Your proposal must demonstrate:

  • a clear game-changing, innovative and/or disruptive and ambitious idea leading to new products, processes or services

  • an idea that is significantly ahead of others in the field, set for rapid commercialisation

  • a strong and deliverable business plan that addresses (and documents) market potential and needs

  • a clear, evidence based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion

  • a team, business arrangement or working structure with the necessary skills and experience to run and complete the project successfully and on time

  • sound, practical financial plans and timelines

  • awareness of all the main risks the project will face (including contractor or equipment failure, recruitment delays, etc) with realistic management, mitigation and impact minimisation plans for each risk

  • clear, considerable potential to significantly impact the UK economy and/or productivity in a positive way

  • good value for money, which will always be a consideration in Innovate UK funding decisions

This competition closes at midday 12:00pm UK time on the deadline stated.

Your application must include at least one micro, small or medium-sized enterprise (SME).

Your project must start no later than October 2020 and end no later than October 2023.

Learn more and apply >>