The Smart Shipping Acceleration Fund, offers UK-registered organisations a share of up to £8
million to support the development of innovative smart shipping technologies. These
technologies aim to reduce greenhouse gas emissions and improve air quality in maritime
operations.
Key Dates
• Competition Opens: 22 April 2024
• Competition Closes: 26 June 2024, 11:00 AM
Funding Details
• Total Available: £8 million
• Project Costs: Between £75,000 and £750,000
• Project Duration: Must start by 1 November 2024 and conclude by 31 March 2025
Objectives
The fund is designed to support detailed feasibility studies for technology demonstrations that:
• Reduce greenhouse gas emissions.
• Improve air quality through scalable smart shipping technologies.
• Include on-vessel and infrastructure technologies.
Eligibility
• Applicants must be UK registered businesses of any size.
• Collaboration with other UK registered organisations is required.
• Projects must be conducted entirely within the UK and intend to exploit results within
the UK.
Scope and Themes
The fund focuses on several key areas:
• Vessel optimisation and smart efficiency technologies.
• Autonomous vessels and subsystems like control systems and sensors.
• Smart maintenance operations technologies.
• Port and shipyard operations optimisation and digitisation.
• Digital tools for route planning and emissions monitoring.
Requirements
• Proposals must outline a real-world demonstration or deployment plan to be
operational by the end of 2027.
• Projects must show a significant potential for greenhouse gas reduction or air quality
improvement.
• Proposals should include a detailed and costed plan for technology demonstration in
operational settings.
Restrictions
• Projects focusing on fossil fuel powertrains, military applications, or not targeting
significant emissions or air quality improvements will not be funded.
• The competition excludes projects dependent on export performance or domestic
inputs usage.
Submission Guidelines
• Projects must start on the first of the month and reflect this in the application.
• Subcontractors are allowed but must be justified, particularly if overseas.
Benefits
• The fund aims to boost jobs and economic growth across the UK, especially in smart
shipping and maritime sectors.
• Projects should anchor and exploit Intellectual Property (IP) generated from the project
for the benefit of the UK supply chain.
This grant provides a substantial opportunity for maritime sector innovations that align with
environmental sustainability goals. For further assistance or to apply, you can contact the
Inventya grants team for a free consultation.