Industrial Strategy Challenge Fund
Through this fund, the government is bringing world-class research and businesses together to take on the major industrial and societal challenges of our time.
The challenges are aligned with the four grand challenges (GOV.UK) named in the Industrial Strategy.
New challenges and funding opportunities are announced intermittently.
Innovate UK Smart grants
Innovate UK Smart grants support the very best, game-changing and disruptive ideas that have the potential to change the world.
Funding is available for projects at various stages, from feasibility studies through to developing and testing a prototype, coming from any industry and anywhere in the UK.
Projects should either:
- develop a brand new product, service or process
- take an existing technology or service above and beyond what’s currently available in the field.
Knowledge transfer partnerships
You can get funding to bring in new knowledge and expertise through a knowledge transfer partnership. Taking part will allow you to work with an academic organisation and a highly-qualified graduate to innovate within your business.
You can apply if you are a business, public or third sector organisation.
The Knowledge Transfer Network
KTN is a network partner of Innovate UK. It links new ideas and opportunities with expertise, markets and finance through our network of businesses, universities, funders and investors. From agri-food to autonomous systems and from energy to design, KTN combines in-depth knowledge in all sectors with the ability to cross boundaries.
Small Business Research Initiative (SBRI)
Through SBRI, you can apply for funded contracts with government organisations to develop their innovative ideas. Public sector organisations that have successfully run SBRIs include the NHS, Ministry of Defence and the former Department of Energy & Climate Change.
Innovate UK’s pilot loans programme has up to £50 million available in innovation loans. These are low interest, flexible, patient loans for small and medium-sized enterprises (SMEs) that want to carry out late-stage experimental development projects in the UK.
To get a loan you need to apply and be successful in a loan competition.
The investment accelerator programme provides simultaneous grant funding and venture capital investment in early-stage innovation projects. This joint public and private investment stops UK businesses from having to chase additional capital and gives them a clearer route to commercialisation.
Innovation to Commercialisation of University Research (ICURe)
The ICURe pilot programme funds research teams to accelerate the time it takes to get ideas out of the lab and to commercialisation. If your organisation is a start-up that has emerged through the programme, you could get funding to help you establish your business and support future growth.
The Biomedical Catalyst funds businesses and researchers to test and develop innovative health and care projects.
It supports the acceleration and scale up of ideas that prevent and manage diseases, support better detection and diagnosis and create tailored treatments that improve patient outcomes.
The programme is run by Innovate UK and the Medical Research Council.
This programme offers funding to UK businesses and researchers to develop ideas for tackling the global need for clean, affordable and secure energy. It funds projects from early-stage through to commercialisation to quickly bring innovative new energy solutions to market.
The programme is run by Innovate UK with co-funding from partners including the Engineering and Physical Sciences Research Council, the Department for International Development and the Department for Business, Energy and Industrial Strategy.
We run a number of initiatives that can help you get access to international opportunities and partners. This includes Horizon 2020, EUREKA Eurostars and the Newton Fund. These are open to a range of organisation types and size.
Innovate UK also runs funding competitions on behalf of other organisations. Details and how to apply are published as new competitions are announced.