About Innovate UK

Innovate UK is the national funding agency investing in science and research in the UK. It calls itself “the UK’s innovation agency”. They drive productivity and economic growth by supporting businesses to develop and realise the potential of new ideas, including those from the UK’s world-class research base. It does this by acting as a hub through which businesses, customers, and investors can work together to hone ideas into successful products and services.

Current Funding Opportunities

1. Women In Innovation Awards

Innovate UK is offering 10 Women in Innovation Awards to female entrepreneurs across the UK.
The winners will receive a £50,000 grant and a bespoke package of mentoring, coaching and business support. link

2. Innovation continuity loans: Strand 2

Innovate UK can provide additional COVID-19 innovation continuity loans for the continuation of planned or existing innovation activity. link

3. £147m investment in Manufacturing Made Smarter

New funding announced to transform UK manufacturing capabilities through the development and adoption of Industrial Digital Technologies (IDTs).
This investment will raise productivity by 30%, accelerate the drive to Net Zero emissions, create thousands of highly skilled jobs and allow the UK to shape the future of manufacturing. link

4. Investment boost for three industrial strategy challenge funds

The government is extending funding to three challenge areas that are developing solutions for key global challenges, including climate change, disease and ageing societies. link

5. The Sustainable Innovation Fund: round 3 

UK registered businesses can apply for a share of up to £10 million for new projects focusing on sustainable economic recovery from COVID-19. link

6.  Industrial Energy Transformation Fund (IETF) Phase 1

Organisations can apply for a share of up to £30 million for grants for energy efficiency projects that reduce fuel bills and carbon emissions. link

Make sure to check out this link for more innovation competitions currently running.

Source: Innovate UK