UK Businesses can apply for a share of £20m in a fast-track competition to develop new ways to tackle global disruption such as that caused by Covid-19.

The requirement to stay at home and to social distance or self-isolate presents new threats to a wide range of businesses and services, from delivery businesses to food manufacturers, entertainment, financial services, healthcare, hospitality, retail, transport and community support.

Business innovation can play a significant role in developing ways to ease the disruption from Covid-19 and any future global disruption. Innovate UK is investing up to £20m in business projects to develop innovative and ambitious ideas to significantly address the needs of society or industry resulting from the coronavirus outbreak.

The solutions must be able to be scaled up quickly, delivered during this lock-down period, started by June 2020 and last up to six months. There is a short turnaround with a streamlined application process for 100% up-front grants of up to £50k.

Ideas can come from any industry and be niche.  Whilst solutions are likely to feature cross-cutting digital solutions, they could come from and impact on diverse sectors, for example healthcare, financial services, transport or creative services.

Key competition points

  • Competition opens 3 April and closes 17 April
  • 100% funding/ intervention rate at £50k per project
  • Full funding up front
  • Project length 3-6months
  • Funding cannot be used for sustainability of a business
  • Sole traders will not be eligible

To find out more about the competition scope and application details visit the Innovation Funding Service.

You can view a recording of the supporting webinar from Innovate UK here (32 minutes).

Latest Insights

And the Winners are…

14 October 2022

Future Leaders pt. 2

12 October 2022

Future Leaders pt.1

11 October 2022

 

Want to discuss your project?

more Insights

KTP Awards 2022

And the Winners are…

14 October, 2022

Thank you to all who joined us both online and in Liverpool for a dazzling ceremony at St. George’...

Read More
KTP Awards 2022

Future Leaders pt. 2

12 October, 2022

In the second part of the Future Leaders finalists blog, we take a look at selected Associates who h...

Read More
KTP Awards 2022

Future Leaders pt.1

11 October, 2022

Once again, at the Innovate UK KTP Awards, we will be celebrating The Future Leaders Award, for sele...

Read More
KTP Awards 2022

Technical Excellence Award

10 October, 2022

This year’s KTP Awards are celebrating the hard work of KTP support teams across the country. The ...

Read More
KTP Awards 2022

The Best Knowledge Transfer Partnership Award

06 October, 2022

This year’s KTP Awards are celebrating the outstanding work of KTP projects across the country. Th...

Read More
KTP Awards 2022

The Changing The World Award

29 September, 2022

This year's KTP Awards are celebrating the hard work of KTP teams across the country. The Changing T...

Read More