Innovate UK (formerly the Technology Strategy Board) was established by the government in 2007 and is sponsored by the Department for Business Innovation and Skills (BIS). As the UK’s innovation agency, its role is to stimulate technology-enabled innovation in the areas which offer the greatest scope for boosting UK growth and productivity, with a headline figure for investment of more than £1bn between 2011-2015.
Innovate UK regularly launch funding competitions. Some are a rolling programme – such as Innovation Vouchers, and some have specific deadlines. To find out more information and identify funding opportunities suitable for your business, click here. Below you will find brief details that are particularly relevant for small businesses.
Smart Awards
The Smart Scheme Funding for innovation projects in high growth potential SMEs. The Grants allow businesses to assess the commercial viability of a project, from feasibility to prototype. Further details can be found here.
Innovation Vouchers
An Innovation Voucher provides funding so that your business can work with an external expert for the first time, gaining new knowledge to help your business innovate, develop and grow. Further information can be found here.
Government and GLLEP Funding
There are a range of funding options available to businesses, from the Central Government money to the GLLEP's Invest and Grow loan scheme. Details on those can be found here.
Additional information
Categories: Bidding Opportunities
District: Outside Lincolnshire, Greater Lincolnshire, North Lincolnshire, North East Lincolnshire, North Kesteven, South Kesteven, East Lindsey, West Lindsey, Boston, South Holland, City of Lincoln
