UK-registered SMEs can apply for a share of up to £1.5million for fast-start short-term projects. Funding is to investigate requirements for adoption of Digital Security by Design (DSbD) technologies across the software development ecosystem.
Innovate UK have allocated up to £1.5million to fund innovation projects in this competition.
In order to minimise distortion of competition, the European Commission sets limits on how much assistance can be given without its prior approval, to organisations operating in a competitive market. Total grant must not exceed 200,000 euros for all de minimis aid provided to any one organisation over a three fiscal year period.
You need to declare any de minimis aid awarded to any other public funding body which requests it. You must also keep all documentation associated with the award for 10 years from the date the award is granted.
Capital usage costs are not allowed in this competition.
SMEs can self-fund their project beyond their allowable total eligible costs.
The total self-funded contribution must not exceed £160,000. The SME must identify and quantify this self-funding for additional project activities.
Innovate UK are not funding projects:
- That are not allowed under de minimis regulation restrictions
- That are not based on using DSbD capability hardware extension technologies
- That are not based on use cases benefiting from DSbD security and do not describe a full software stack approach to increased security
- That do not focus on a detailed investigation
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.