The aim of this competition is to help businesses address their existing analysis and measurement problems. These are problems that are best explored by scientists and cutting-edge facilities available in the UK.
You must outline what you consider to be the benefits of solving your problem, such as improved productivity or competitiveness.
Innovate UK will only consider problems that:
- Are related to the measurement or analysis of some quantities or properties of an existing process, product or service
- Are not effectively solvable by simple ‘off the shelf’ methods or techniques
You must outline any methods and attempts that you have previously tried to address the problem. Do not propose how the problem should be solved.
Analysis problems cannot be simply software related, for example pure data analysis.
As part of your application, you must include a short video, up to two minutes long. This must be uploaded to Vimeo and provided as an unlisted link in your application. If we are unable to view your video or it is not hosted on Vimeo, your application will be made ineligible.
Innovate UK want to fund a portfolio of projects, across a variety of technologies, markets, and sectors.
Innovate UK have allocated up to £3million to fund innovation projects in stage 2 of this competition.
Funding of projects in stage two will be through special drawing rights, covering 100% of eligible costs.
If you are applying for an award funded under European Commission Regulations, the definitions are set out in the European Commission Recommendation of 6 May 2003.
Innovate UK will not consider problems that are:
- Not measurement or analysis problems
- Ones they consider to be resolvable with easily available methods, such as those that do not require any innovative or cutting-edge science or facilities
- Solely computer software analysis problems, such as algorithms to analyse objects
- Not related to a company’s existing processes, products or services
- Projects that involve primary production in fishery and aquaculture
- Projects that involve primary production in agriculture
- Projects not allowed under De minimis regulation restrictions
- Projects not allowed under Special Drawing Rights (SDR)
- Activities relating to the purchase of road freight transport
- Projects dependent on export performance – for example, giving an award to a baker on the condition that they export a certain quantity of bread to another country
- Projects that are dependent on domestic inputs usage – for example, if an award was given to a baker on the condition that they use 50% UK flour in their product
Cresco Innovation works with companies to develop and implement innovation strategies. We help client companies identify opportunities to develop new products and services, and then create a package of support to ensure that the idea is turned into a commercial reality.
Our services include securing grants (as a team we have raised around £40million over three years), business planning, IP advice, access to finance and funders, project management and IP commercialisation support.
We regularly act as the interface with the funding bodies and help clients ensure that their projects are properly managed to ensure the best outcome for all.