Innovate UK: Funding and connecting business innovation across the - - PowerPoint PPT Presentation

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Innovate UK: Funding and connecting business innovation across the - - PowerPoint PPT Presentation

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Innovate UK: Funding and connecting business innovation across the UK Lo Lorraine Ach cheson 23 23 No November 20 2018 In Innovate UK Is the UKs innovation agency. Our mission is to accelerate UK economic growth through funding and

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Innovate UK: Funding and connecting business innovation across the UK Lo Lorraine Ach cheson

23 23 No November 20 2018

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In Innovate UK

Is the UK’s innovation agency. Our mission is to accelerate UK economic growth through funding and connecting business-led innovation throughout the UK

KNOWLEDGE ECONOMY SOCIETY

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£6bn £0.5bn

UK K Rese search & In Innovatio ion - From Apri ril l 2018

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Innovate UK regional presence across the UK, working to:

  • strengthen relationships
  • connect Innovate UK family with

regional stakeholders

  • ensure a coherent strategy across

the UK

  • https://datavis.innovateuk.gov.uk/app/
  • N. Ireland

Scotland East Midlands East of England South East North West West Midlands Wales South West North East, Yorkshire & Humber

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Funding for Innovation, R&D

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Innovation, Research & Development Escalator – Investni.com

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Innovation Vouchers

  • Worth up to £5000 - allows SMEs to access expertise from Universities, Colleges, Institutes
  • f Technology and other public funded research bodies
  • Typical projects include:
  • Ideas for new or improved products, processes & services
  • Product and service testing
  • Access to information and expertise on new materials
  • Tapping into research and scientific expertise
  • The Scheme is open to Invest NI clients and the wider business community.
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  • 4 calls per year.
  • Individual SMEs may apply or collaborative groups (up to 5) may apply for a

‘pooled’ voucher to solve a common issue.

  • Businesses may receive up to 3 vouchers for different projects but can only

have one ‘live’ voucher at any time.

  • 1st voucher (100% funded)
  • 2nd voucher (80% funded)
  • 3rd voucher (70% funded)
  • Applicants pay all VAT

*Medium enterprises should not have received assistance through Invest NI’s R&D programme in the

past 5 years

Innovation Vouchers

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IR&D Escalator – Investni.com

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  • Invest NI’s main R&D support mechanism, majority ERDF funded
  • Project Definition and Main Grant for R&D
  • Support technically challenging projects with potential for positive impact on Northern

Ireland economy

  • Must incentivise new/additional R&D activity
  • Project theme created by the customer not by Invest NI
  • Support rates based on company size, level of innovation - collaboration encouraged
  • Match funding required

Grant for R&D

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IR&D Escalator – Investni.com

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In Innovate UK competit itiv ive fundin ing

  • Open competitions – regular open calls, covering all sectors, grant

funding – projects between

  • Business growth – innovation loans; investment accelerator – part grant/

part equity

  • Challenge led - Industrial Strategy Challenge Fund competitions for grant

funding

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In Industr trial Str trategy Grand Challenges

AI and Data Economy Ageing society Clean growth Future of mobility

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Knowle ledge Transfer Part rtnership ips

  • Funds partnerships with academics and businesses
  • Enables a business to bring in new skills and the latest academic thinking

to deliver a specific, strategic innovation project through a knowledge- based partnership

  • Regular open competitions
  • Links businesses to academic providers across the UK
  • Scheme lasts 12-36 months
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IR&D Escalator – Investni.com

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Horizon 2020

  • The EU’s biggest ever programme for Research and Innovation
  • €77 billion over 7 years
  • Biennial work programmes
  • Programme calls are competitive
  • Mainly “top down” where the Commission defines the European “challenge” to be met
  • Requirement for collaborative bids - 3 independent entities in 3 participating countries

(some exceptions e.g. SME instrument

  • Invest NI is a UK National Contact Point for SMEs and can provide support for

applications to the SME instrument and Fast Track to Innovation

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IR&D Escalator – Investni.com

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Competence Centres

  • 4 Competence Centres in NI including Centre for Advanced Sustainable Energy
  • Industry-led sustainable energy research centre, based in Queen’s University Belfast
  • Fund collaborative Research & Development (R&D) in sustainable energy
  • Energy from Biomass
  • Turbines
  • Energy Systems
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There’s never been a better time to invest in innovation, R&D

Lorraine.Acheson@innovateuk.ukri.org