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Funding for global cooperation feasibility studies

Innovate UK is to invest up to £1.2M to support innovative UK SMEs in carrying out short international cooperation feasibility studies. These studies should build international business networks. The aim is to enable commercial research and innovation partnerships, and future collaboration.

 

About the funding

They will fund projects with eligible costs of up to £30K for each project. Businesses may receive funding of up to 70% of their total project costs. Projects should last up to 4 months. The funding will enable SMEs to undertake short feasibility studies and spend time abroad. You can use the funding for activities such as travel and subsistence costs. This is to develop international partnerships and gain a better understanding of collaborative opportunities. Companies can explore ideas in the context of future cooperation.

A UK SME must lead the project to build international partnerships. You can carry out the project on your own or in collaboration with other UK partners, but only UK SMEs will receive funding.

 

Funded activities

They will fund SMEs to support the costs for their involvement in activities such as:

  • meetings with partners in the UK or other countries
  • travel and subsistence, including travelling abroad to meet partners, attend brokerage or exhibition events and gain a better understanding of market opportunities and user/customer needs
  • due diligence work on partners and markets
  • staff time for proof of market or concept work
  • sub-contracting services (limited to up to 10% of costs)

 

Key dates

  • Registration deadline: before noon on 21 September 2016
  • Application deadline: before noon on 28 September 2016

 

Find out more

Please visit the Innovate UK competition page at https://www.gov.uk/government/publications/funding-competition-global-cooperation-feasibility-studies

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