UK-registered businesses can apply for a share of up to £1million to develop innovative proposals with Singapore and other EUREKA participating members.
EUREKA, in partnership with Enterprise Singapore, announce a GlobalStars funding competition for research and development (R&D) projects under the EUREKA programme.
Under this initiative, Innovate UK, part of UK Research and Innovation, is investing up to £1million to fund collaborative research and development (CR&D) projects focused on industrial research and experimental development.
This competition has an open scope, the projects Innovate UK fund are expected to result in a new product, industrial process or service, be innovative, involve a technological risk, and have high market potential in the participating countries.
Projects funded by Innovate UK must include at least one partner from the UK and one partner from Singapore. Projects can include additional partners from other participating EUREKA participating members listed below:
- Belgium (Flanders)
- South Africa
- South Korea
The aim of this competition is to support innovative proposals developed between the UK, Singapore and other EUREKA participating members.
Innovate UK will fund a portfolio of projects, across a variety of technologies, markets, technological maturities and research categories.
Your collaborative R&D proposal must demonstrate:
- A clear game-changing and/or disruptive innovative idea leading to new products, processes or services
- A strong and deliverable business plan that addresses (and documents) market potential and needs
- Sound, practical financial plans and timelines
- Good value for money which will always be a consideration in Innovate UK funding decisions
- 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
- Clear, considerable potential to significantly benefit the UK economy and/or national productivity
- The benefit of participants from the countries working together and how this adds value
- Clear definitions of where intellectual property (IP) can be used and shared between the participants and countries
- A clear route to market within two to three years of project completion
Innovate UK reserves the right to apply a ‘portfolio’ approach for the selection of projects in this competition. This will be aligned with the priorities of participating EUREKA members.
Your project must:
- Start between 1 April 2021 and 30 June 2021
- Last up to 24 months
UK applicants can apply for total grant of up to £350,000 for each project.
Your project’s exact start date is dependent on the national funding procedures of the participating members national funding body involved in the selected projects.
Projects must be collaborative.
UK lead organisation
To lead a project your organisation must:
- Be a UK-registered business, of any size
- Involve at least one UK-registered SME
- Collaborate with a Singapore-registered business, which must be a separate non-linked legal entity to the UK partners
In addition to the UK lead, the collaboration can also include other UK-registered businesses of any size and UK-registered research organisations.
Research organisations cannot lead or work alone.
Each partner must carry out the majority of their funded work within the country from which they receive funding, for example the UK for Innovate UK funding.
The UK research organisations in your consortium can share up to 30% of the UK total eligible project costs. If your consortium has more than one UK research organisation, this maximum is shared between them.
Each UK partner organisation must be invited into the Innovation Funding Service by the lead to collaborate on a project. UK partners must enter their own project costs into Innovation Funding Service.
The UK-registered SME in your consortium must incur at least half of the UK total eligible project costs. If your consortium contains more than one UK-registered SME, this minimum is shared between them.
You can also collaborate with other UK registered businesses of any size and UK-registered research organisations.
Organisations from other EUREKA participating members must meet the funding and eligibility conditions of their respective national funding bodies. These will be provided in the competitions page on the EUREKA website, which will be published when this competition opens.
The consortium must include at least two businesses that are independent from each other:
- One business registered in Singapore
- One business from one of the EUREKA participating members taking part in the project. As a minimum this would be the UK-registered lead
Projects should have a balanced contribution of the total eligible project costs among the partners from the participating partner members. No more than 70% of the total project costs can be claimed by any single partner or by all partners from a single EUREKA participating partner member collectively.
The businesses in a consortium must be separate legal and non-linked entities. This is to ensure that projects encourage genuine international collaboration, not internal company research. Linked companies are considered a single entity under the parent company. They can specify which EUREKA participating member they want to request funding from. Each company will receive funding from its respective national funding body.
Your project can include subcontractors, but they must not account for more than 20% of the total eligible costs of the UK participation.
Any one UK-registered business can lead on one application and collaborate in a further two applications.
If a UK-registered business is not leading an application, they can collaborate in up to three applications.
A UK-registered research organisation can be a collaborator in any number of applications.
The terminology differs between EUREKA and Innovate UK. The lead applicant is responsible for the entire project, but EUREKA uses the term ‘main participant’. For partners in the collaboration it uses ‘other participants’.
Partners not claiming funding
A non-grant claiming UK partner cannot lead on a project.
’The UK project application can include partners that do not receive any of this competition’s funding, for example non-UK businesses. Their costs will count towards the total eligible project costs
Your collaboration can include organisations from countries that are not listed above as funding this call, provided:
- They have secured full funding elsewhere
- You describe in your application why and how they will be involved and where they have secured financing from
Innovate UK have allocated up to £1million to fund innovation projects in this competition.
If your organisation’s work on the project is mostly commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically.
For industrial research projects, you could get funding for your eligible project costs of:
- Up to 70% if you are a micro or small organisation
- Up to 60% if you are a medium-sized organisation
- Up to 50% if you are a large organisation
Eligible project costs are defined in the project costs guidance.
The UK-registered research organisations in your consortium undertaking non-economic activity, can share up to 30% of the UK total eligible project costs. If your consortium contains more than one UK research organisation, this maximum will be shared between them.
This competition provides state aid funding under article 25, ‘Aid for research and development projects’, of the General Block Exemption Regulation (GBER). It is your responsibility to make sure that your organisation is eligible to receive state aid.
Innovate UK will not fund projects that:
- Work on non-civilian applications
- Are not in scope
- Do not meet Innovate UK’s eligibility criteria
- Do not submit all mandatory documentation
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.