Any UK business claiming funding must be eligible to receive state aid at the time we confirm you will be awarded funding. If you are unsure please take legal advice. For further information see our general guidance.
We expect your entire joint project to have total eligible costs between £100,000 and £1 million. The total grant available to the UK applicants is up to £350,000.
Your project must start by 1 January 2020 and be completed within 2 years. Your UK grant claim must be submitted by 31 March 2022.
No individual organisation, or individual country, can claim more than 70% of the total eligible costs for the entire joint project.
If your project’s total eligible costs or duration fall outside of our eligibility criteria, you must provide justification by email to firstname.lastname@example.org at least 10 days before the competition closes. We will decide whether to approve your request.
UK lead applicant
Projects must be jointly co-ordinated by the UK and South Korea lead partners.
To lead an application as a UK organisation you must:
- be a UK based business of any size
- collaborate with the South Korean lead, who must be a business of any size
- collaborate with at least one UK-based micro, small or medium-sized enterprise (SME), which must incur at least half of the UK eligible costs
- carry out the majority of your funded work within the UK
All UK organisations
Research organisations, public sector organisations and charities can be partners on the project but cannot lead in the UK. They can share up to 30% of the total eligible UK project costs but they are not eligible to receive funding.
Your project can include subcontractors but they must not account for more than 20% of the total eligible costs for the entire joint project.
Every UK organisation must carry out the majority of its funded work within the UK, and South Korean organisations must carry theirs out in South Korea.
The commercial partners in a consortium must be separate legal and non-linked entities. This is to ensure that projects encourage genuine international collaboration, not internal company research. Where the companies are linked, they shall be considered a single entity under the parent company. Linked companies can specify which nation they want to request funding from. Where companies are linked, the individual companies will receive funding from their respective national funding body.
Organisations from other countries
Organisations from other EUREKA member states can participate provided:
- they arrange their own funding
- the project meets the eligibility participation criteria of UK and South Korean organisations