Innovate UK announced on Thursday 6 July that it is to invest £19 million in projects that test new infrastructure technologies for the first time in user-facing applications.
The aim of the Competition brief: first of a kind deployment of innovation competition is to enable selected innovative infrastructure systems solutions to take the final step to market readiness by proving:
repeatable financing and business cases for the innovation
that the innovation delivers the expected outcomes when integrated in complex real-world applications
Proposals should also help inform Innovate UK about the role that new financial products can play in supporting this stage of the commercialisation process in future.
Funded study or innovation tested in a commercial environment
The competition will be in 2 phases:
Phase 1 – funded study - projects to range in size up to total costs of £50,000. Projects should last up to 3 months.
Phase 2 – testing the innovation in a commercial environment - projects to range in size from total costs of £250,000 to £5 million. Projects should be deployed within 1 year.
Businesses can carry out the project on their own or collaborate with others, but must involve an end customer (except for SMEs). A business must lead the project.
Deadline dates and briefing this Thursday
The competition opens on 18 July 2016. Registration will be required before noon on 24 August 2016, while applications will be required before noon on 31 August 2016.
Further details will be provided at the briefing for potential applicants in London on 12 July 2016 (in person or by webinar).