Innovate UK runs funding competitions to help you develop your innovative idea and make it successful. The competitions are open to all UK companies and winners are awarded funding to put their innovation into practice. There are various competitions for different sizes of business and different industries. You can find out which competitions are open and apply online via their website.
Am I eligible?
All kinds of UK-based businesses can apply, from pre start-ups and new companies to large multi-nationals. Innovate UK also run location-specific competitions, and some competitions are open to research organisations working with businesses.
Funding must be used for one of the following reasons:
- to carry out a feasibility study to test your idea and make sure it will work
- to create a new product or service, or improve an existing one through R&D
- to work with other businesses or research organisations on collaborative projects
Find full eligibility details on the gov.uk website.