For those businesses that are not eligible for Welsh Government grants, InnovateUK provides an alternative funding route. InnovateUK Smart Grants are an ‘open grant funding’ programme; applications can come from any area of technology and be applied to any part of the economy, such as, but not exclusively: the arts, design and media; creative industries; science or engineering.
The time-frame and available budget can often vary; however, InnovateUK have previously supported projects that are 6 – 18 months in length and have eligible project costs between £25,000 – £500,000, which are delivered by a single organisation or a collaboration of organisations. Additionally, projects of 19 – 36 months in length would be considered with eligible project costs of between £25,000 – £2 million but must be collaborative.
ITERATE have successfully delivered a number of InnovateUK funded projects in the medical, healthcare, industrial and consumer technology sectors. The most significant programme, was a £1.1million funded project known as IMPACT (Integrated Manufacture of Polymer and Conductive Tracks). ITERATE led a consortium of organisations that included: CEL (UK); Printed Electronics; and Warwick Manufacturing Group (WMG) at the University of Warwick. The aim of this project was to develop an innovative 3D printing technology that combined Fuse Deposition Modelling (FDM) with the deposition of conductive inks. Further information about this novel technology development and details of how this project was supported by InnovateUK can be found by reading this Case Study.
Please get in touch if you would like to learn from our experiences of securing grant funding; delivering complex long lead-time R&D projects; as well as working within a consortium that involves industrial and academic collaborative partners by calling 01291 408283 or contacting email@example.com