Innovate – much funding do I get?

Welcome to Innovate UK

 

 

Innovate have allocated up to £15 million to fund innovation projects in an open competition.

The percentage of costs that Innovate pay through a grant varies. It depends on the type of research being carried out and size and type of organisation involved.

Projects can focus on:

  • feasibility studies which may include a proof of market
  • industrial research
  • experimental development depending on the challenge identified and proposed solution

Percentage of Innovate awarded project costs that can be claimed as grant for different types of research and companies is illustrated in the table below.

Applicant business sizeFeasibility studies/Proof of marketIndustrial researchExperimental development
Micro/small70%70%45%
Medium60%60%35%
Large50%50%25%

Related FAQ: What kind of company am I? Link

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