Innovate UK, part of UK Research and Innovation, is to invest up to £2 million to support innovation projects across the three Launchpad competition strands that target the innovation cluster centred on Coventry and Warwickshire.
The aim of this competition is to support outstanding innovation projects led by businesses. Your business must be active or growing work activities in the immersive and creative industries cluster centred on Coventry and Warwickshire in the West Midlands.
This Launchpad competition supports the Government’s goals in the Levelling Up White Paper. The projects will contribute to the ambitions of the cluster to develop, fuse and transfer existing research excellence, industrial innovation capability and sectoral strengths. Building market-orientated opportunities in immersive and creative industries.
This competition is split into three strands:
- Launchpad: immersive and creative industries, Coventry and Warwickshire – Round 1 Minimal Financial Assistance (MFA)
- Launchpad: immersive and creative industries, Coventry and Warwickshire – Round 1 Collaborative Research and Development (CR&D)
- Launchpad: Coventry and Warwickshire, Cluster Management (details to follow)
The MFA strand is open to single organisations only, and your project’s grant funding request must be between £25,000 and £100,000. This can cover up to 100% of costs.
The CR&D strand is for collaborative projects, and your project’s total grant funding request must be between £150,000 and £1 million. This can cover up to 70% of costs depending on business size.
To lead a project in the MFA strand (single applicants) your organisation must be a UK registered micro, small or medium-sized enterprise (SME).
To lead a project in the CR&D strand, your organisation must be a UK registered business of any size, must be or involve at least one grant claiming micro, small or medium-sized enterprise (SME), and must collaborate with other UK registered organisations.
Find out more and apply. Deadline: 6 December 2023, 11am.