Working through Tech City UK, Innovate UK is funding a £1m competition to support IoT projects from early stage start-ups and SMEs. To be eligible, UK registered companies must be based in London or Cambridge - or working with partners within those two clusters. Projects must be business led, can be up to 12 months duration and with a maximum of £150k grant available (at 60% of eligible costs). Larger projects will be considered but support is capped at £150k.
The entry procedure is a bit different - a two minute video presentation. The deadline for applications is 3 September 2014. Further details and the route to application can be found here.