‍Scope

Your proposal must demonstrate:

• A clear game-changing, innovative, and/or disruptive and ambitious idea leading to new products, processes or services
• An idea that is significantly ahead of others in the field, set for rapid commercialisation
• A strong and deliverable business plan that addresses (and documents) market potential and needs
• A clear, evidence based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion
• A team, business arrangement or working structure with the necessary skills and experience to run and complete the project successfully and on time
• Awareness of all the main risks the project will face (including contractor or equipment failure, recruitment delays, etc) with realistic management, mitigation, and impact minimisation plans for each risk
• Clear, considerable potential to significantly impact the UK economy and/or productivity in a positive way
• Sound, practical financial plans, and timelines that represent good value for money, which will always be a consideration in Innovate UK funding decisions.

Innovate UK will give preference to applications that demonstrate realistic, significant potential for global markets.

Proposals from innovation-based businesses with significant ambition and potential for growth or scale-up are welcome.

Where possible, projects should take customer and user needs into account to deliver more desirable and useful solutions.