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Innovate UK are offering these grants of up to £50,000 each, to provide a fast way to boost cash flow in order to propel innovative ideas that have a clear route to commercialisation. Grants will back innovations in the seven technology areas outlined in the government’s Innovation Strategy, and which also can contribute to solving the net zero challenge.
Fast Start: Innovation grants will only be offered to businesses that have not previously received Innovate UK funding. This will ensure Innovate UK is reaching new and more diverse innovative businesses with high growth potential. Businesses who are offered grant funding, will also be offered tailored business support through Innovate UK EDGE.
Grants will back innovations in one or more of the technology areas outlined in the government’s Innovation Strategy:
• advanced materials and manufacturing
• artificial intelligence, digital and advanced computing
• electronics, photonics and quantum
• energy and environment technologies
• robotics and smart machine.