The aim of this competition is to stimulate the commercialisation of quantum technologies in the UK through the development of early stage quantum technology opportunities.
Your proposal must identify a promising application of quantum technologies, a project to demonstrate its potential and a route to market.
Your project must:
- Identify a commercial opportunity
- Quantify technological outcomes
- Provide a roadmap of future exploitation
- Exploit second generation quantum techniques
Second generation quantum technologies are defined as those involving the generation and coherent control of quantum states, resulting in phenomena such as superposition or entanglement. Technologies involving single photon generation and quantum computing are regarded as being within scope.
Proposals should identify what future work and funding would be required to bring the project to commercial maturity.
Innovate UK want to fund a portfolio of projects, across a variety of technologies, markets, technological maturities and research categories.
Innovate UK have allocated £1million to fund innovation projects in this competition.
The research organisations undertaking non-economic activity as part of the project can share up to 70% of the total eligible project costs. If your consortium contains more than one research organisation undertaking non-economic activity, this maximum is shared between them.
Innovate UK are not funding:
- Projects not allowed under de minimis regulation restrictions
- Projects for ‘writing up’ extensions
- Activities relating to the purchase of road freight transport
- Projects that involve the audio visual sector (such as film production)
- Projects that are dependent on export performance, for example giving a subsidy 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 Innovate UK insisted that a baker 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.