To be eligible for funding you must:
- be a UK-based business
- carry out your project work in the UK
- intend to exploit the results from or in the UK
- work alone or in collaboration with other businesses
Single applicants must claim funding. If the project is collaborative, the lead and at least one other organisation must claim funding.
Any one business can lead on one application and collaborate in a further 2 applications. If a business is not leading an application, they can be a collaborator in up to 3 applications.
Partners with no funding
Projects can include partners that do not receive any funding (for example, non-UK businesses). Their costs will count towards the total project costs but they will not count as collaborators.
Failure to exploit
If you applied to a previous competition as the lead or sole company and were awarded funding by Innovate UK, but did not make a substantial effort to exploit that award, we will award no more funding to you, in this or any other competition. You will not be able to contest our decision. We will:
- assess your efforts in the previous competition against your exploitation plan for that project
- review the monitoring officers’ reports and any other relevant sources for evidence
- document our decision, which 3 team members will make
- communicate our decision to you in writing
Under the terms of Innovate UK funding, we need you to submit an independent accountant’s report (IAR) with your final claim. If you or any organisation in your consortium failed to submit an IAR on a previous project, we will not award funding to you in this or any other competition until we have received the documents.