Knowledge Base

Questions

At Cresco Innovation we take great care to make sure the information in the bid is both relevant, current and credible.

Information about the bid processes can be found either on InnovateUK’s GOVUK site (link), or the EU Research and Innovation site (link). However these sites are large, and specific information is sometimes hard to find. We hope this FAQ section helps.

Knowledge Search.

InnovateUK

What is the Innovate UK open competition?
Innovate UK: Open funding competition brief (here)

Registration deadline: noon 31 August 2016
Application deadline: noon 7 September 2016

 

Welcome to Innovate UK

The competition is open to the best business-led ideas or concepts. These can be drawn from any technology, engineering or industrial area, including Innovate UK’s 4 priority sectors for growth.

To be in scope, a proposal must:

  • demonstrate innovation leading to novel, new products, processes or services
  • articulate a clear and anticipated growth impact for the business(s) leading to a significant return on investment (ROI)

Priority will be given to proposals that are likely to lead to sustainable gains in productivity and/or access to new overseas markets through export led business growth.

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

Projects may last between 6 and 36 months. Total eligible project costs should range from £25,000 to £1 million depending on the type of R&D to be undertaken.

An applicant can only submit one project application per competition round. If more than one application per category is submitted in a round, only the first application will be considered for assessment.

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Where is information on Innovate UK grants?
Open Competitions for Innovate UK grants can be found here, on their GOV.UK website

 

Welcome to Innovate UK

All of the current and forthcoming funding competitions run by Innovate UK are published here.

You can apply for funding to test the feasibility of your idea, research and develop it and demonstrate it in a prototype.

Innovate UK funding competitions cover the following industry sectors:

  • emerging and enabling technologies
  • infrastructure systems
  • health and life sciences
  • manufacturing and materials

 

We also have an open programme that is not sector based. Browse, register and apply for our current competitions.

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SME – what is it?

EU Horizon 2020

Small and medium-sized enterprises (SMEs) represent 90% of all businesses in the EU. The definition of an SME is important for access to finance and EU (and UK) support programmes targeted specifically at these enterprises.
Company CategoryStaff HeadcountTurnover, orBalance sheet total
Medium-sized<250≤ € 50 m≤ € 43 m
Small<50≤ € 10 m≤ € 10 m
Micro<10≤ € 2 m≤ € 2 m

These ceilings apply to the figures for individual firms only. A firm that is part of larger group may need to include staff headcount/turnover/balance sheet data from that group too.

Read more….

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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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EU Funding

SME – what is it?

EU Horizon 2020

Small and medium-sized enterprises (SMEs) represent 90% of all businesses in the EU. The definition of an SME is important for access to finance and EU (and UK) support programmes targeted specifically at these enterprises.
Company CategoryStaff HeadcountTurnover, orBalance sheet total
Medium-sized<250≤ € 50 m≤ € 43 m
Small<50≤ € 10 m≤ € 10 m
Micro<10≤ € 2 m≤ € 2 m

These ceilings apply to the figures for individual firms only. A firm that is part of larger group may need to include staff headcount/turnover/balance sheet data from that group too.

Read more….

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What EU funding is available to a SME?

Cresco Innovation will provide advice on which EU bid to target.


There are currently 3 major types of EU bids for SMEs.

Horizon 2020 Dedicated SME instrument Phase 1 (a feasibility study) and Phase 2, and the Fast Track to Innovation Pilot (link). The Dedicated SME instruments Phase 1 and Phase 2 are split into categories (or calls). Each project will need to fit into a category. Cresco Innovation will advise on which call is likely to have the best chance of the project receiving funding.

Your project must at least be at a Technology Readiness Level (TRL) of 6.

TRL 6 – technology demonstrated in relevant environment (industrially relevant environment in the case of key enabling technologies)

With the Fast Track to Innovation, the result of the project is the launch of product or service within 3 years of the project starting, and the product or service should have been proven in the operational environment (TRL 9).

 

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What is a call?

Cresco Innovation will provide advice on which EU bid to target.


A call is a “Procedure to invite applicants to submit project proposals with the objective of receiving funds from the European Union.”

Horizon 2020 is a selection of ‘calls’ across a wide range of topics. You can find ‘your area’ here. You might well be interested in the area for SMEs (here). The other areas are;

 

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General

SME – what is it?

EU Horizon 2020

Small and medium-sized enterprises (SMEs) represent 90% of all businesses in the EU. The definition of an SME is important for access to finance and EU (and UK) support programmes targeted specifically at these enterprises.
Company CategoryStaff HeadcountTurnover, orBalance sheet total
Medium-sized<250≤ € 50 m≤ € 43 m
Small<50≤ € 10 m≤ € 10 m
Micro<10≤ € 2 m≤ € 2 m

These ceilings apply to the figures for individual firms only. A firm that is part of larger group may need to include staff headcount/turnover/balance sheet data from that group too.

Read more….

Permalink 0 0

Where is information on Innovate UK grants?
Open Competitions for Innovate UK grants can be found here, on their GOV.UK website

 

Welcome to Innovate UK

All of the current and forthcoming funding competitions run by Innovate UK are published here.

You can apply for funding to test the feasibility of your idea, research and develop it and demonstrate it in a prototype.

Innovate UK funding competitions cover the following industry sectors:

  • emerging and enabling technologies
  • infrastructure systems
  • health and life sciences
  • manufacturing and materials

 

We also have an open programme that is not sector based. Browse, register and apply for our current competitions.

Permalink 0 0

What is the Innovate UK open competition?
Innovate UK: Open funding competition brief (here)

Registration deadline: noon 31 August 2016
Application deadline: noon 7 September 2016

 

Welcome to Innovate UK

The competition is open to the best business-led ideas or concepts. These can be drawn from any technology, engineering or industrial area, including Innovate UK’s 4 priority sectors for growth.

To be in scope, a proposal must:

  • demonstrate innovation leading to novel, new products, processes or services
  • articulate a clear and anticipated growth impact for the business(s) leading to a significant return on investment (ROI)

Priority will be given to proposals that are likely to lead to sustainable gains in productivity and/or access to new overseas markets through export led business growth.

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

Projects may last between 6 and 36 months. Total eligible project costs should range from £25,000 to £1 million depending on the type of R&D to be undertaken.

An applicant can only submit one project application per competition round. If more than one application per category is submitted in a round, only the first application will be considered for assessment.

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What is a TRL?

A TRL is a Technology Readiness Level (see excellent Wikipedia page) and is used to gauge the maturity of your idea in order to position the bid correctly. For example if you have demonstrated your solution in a relevant environment that would be TRL 6. The TRLs span 1 (start) to 9 (end):

  • TRL 1 – basic principles observed (idea is defined on paper)
  • TRL 6 – technology demonstrated in relevant environment (could be a lab environment)
  • TRL 9 – actual system proven in operational environment (solution in its final form and in operation)

Link to EU Horizon 2020 definitions.

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What is a call?

Cresco Innovation will provide advice on which EU bid to target.


A call is a “Procedure to invite applicants to submit project proposals with the objective of receiving funds from the European Union.”

Horizon 2020 is a selection of ‘calls’ across a wide range of topics. You can find ‘your area’ here. You might well be interested in the area for SMEs (here). The other areas are;

 

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