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 size||Feasibility studies/Proof of market||Industrial research||Experimental development|
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