Innovative, ambitious businesses can benefit from the facilities and expertise provided by Catapults and Research & Technology Organisations (RTOs) through Innovate UK Business Growth (if decided it is appropriate as part of a client's advisory support from a specialist and not as stand alone application).
RTOs are specialised not-for-profit knowledge organisations dedicated to the development and transfer of science and technology to the benefit of the economy and society. They include hubs, laboratories, testbeds, factories and offices for cutting edge R&D. The Catapult network of technology and innovation centres established by Innovate UK supports businesses to transform great ideas into valuable products and services.
We can offer applicants with a suitable project who are currently benefiting from our growth advisory support a grant for 100% of eligible costs to a maximum of £15,000.
Businesses that are looking to grow & scale through innovation can use this grant funding to access Catapults and RTOs to:
- Explore and test new product ideas
- Seek technical expertise and specialist sector knowledge
- Gain advice on regulatory and government processes as well as access networks of customers, services and funders
- Receive sector-specific expert advice and support with market analysis; cost modelling; business‐case support; creation of industry‐relevant R&D project plans
- Identify opportunities for R&D, collaboration, and partnership building
- Receive support to commercialise their innovation, including improving efficiency, making their business operations more sustainable, or investigating market gaps.
Is your business eligible for funding?
Please note:
- Businesses must be a UK-registered, trading company, with up to 250 employees
- The grant funding provided to the business will be under Minimal Financial Assistance or De minimis. The maximum value of ‘Minimal Financial Assistance’ allowed per 3 year rolling period under the ‘UK Subsidy Control Bill’ is £315,000
- The ‘De minimis’ regulation, which has similar characteristics, but a maximum value of €300,000, remains effective for any awards to enterprises governed by the Windsor Framework or based within the EU.
To find out more, contact us today.
