Funding available for business in advanced materials, biosciences, electronics and IT

Small businesses can apply for a share of up to £2 million in funding, available to support business innovation in 4 technology areas key to future growth of the UK economy.

Small and micro businesses can apply for business funding to help them to carry out feasibility studies into technology projects in 4 key areas that underpin the future development of high-value products and services in the UK.

Innovate UK is seeking studies for innovative projects in the fields of:

  • advanced materials
  • biosciences
  • electronics, sensors and photonics
  • information and communication technology

The funding competition aims to ensure that small and micro companies are able to respond to market opportunities across a range of economic sectors.

Studies can be carried out into a wide range of new products and services, from materials for energy and healthcare to new biological products and bio-based solutions, sensor systems, power electronics, use of data and simpler computing experiences.

Projects must be led by a small or micro business working either alone or with one other small or micro business. A briefing event for potential applicants will take place in London on 26 January 2016, and there will be additional events in Edinburgh and Manchester.

The competition opens on 18 January 2016, and the deadline for registration is 9 March 2016

For further information on the funding competition, visit the innovate UK website, or contact Innovate UK by phoning 0300 321 4357 or emailing support@innovateuk.gov.uk.