- Start by 1 March 2022
- End by 29 February 2024
- Have total eligible project costs from £50,000 to £150,000 inclusive of VAT
Projects can last up to 24 months.
To lead a project, you must:
- Be an organisation of any size
- Work alone or with other organisations as subcontractors
- Exist wholly to provide benefits for society
- Have stated commitment to social outcomes for an identified set of beneficiaries related to your social or environmental mission
- Have objects in your constitutional documents, which form a constitutional lock, that protect your social or environmental mission
- Have a policy to distribute profits after tax so surpluses are used to achieve social or environmental impacts
Contracts will be awarded only to a single legal entity.
However, if you can justify subcontracting components of the work, you can employ specialist consultants or advisers. This work will still be the responsibility of the main contractor.
Previously submitted applications
You can use a previously submitted application to apply for this competition.
Organisations can apply for a share of up to £3million, inclusive of VAT.
In this strand, prototyping and evaluation contracts will be awarded from £50,000 to £150,000 inclusive of VAT, for each project up to 24 months.
The total funding available for the competition can change. The funders have the right to:
- Adjust the provisional funding allocations
- Apply a ‘portfolio’ approach based on geography, themes, scale of project and sustainability
Value Added Tax (VAT)
You must select whether you are VAT registered before entering your project costs.
If you are VAT registered then you must enter your project costs exclusive of VAT. As part of the application process, VAT will be automatically calculated and added to your project cost total.
If you are not VAT registered, then you must enter your project costs exclusive of VAT. You will not be able to increase invoice values to cover VAT later should you become VAT registered.
VAT is the responsibility of the invoicing business. Innovate UK will not provide any further advice and advise you to seek independent advice from HMRC.
Research and development
Your application must have at least 50% of the contract value attributed directly and exclusively to research and development (R&D) services, including solution exploration and design. R&D can also include prototyping and field-testing the product or service. This lets you incorporate the results of your exploration and design and demonstrate that you can produce in quantity to acceptable quality standards.
R&D does not include:
- Commercial development activities such as quantity production
- Supply to establish commercial viability or to recover R&D costs
- Integration, customisation or incremental adaptations and improvements to existing products or processes
SBRI competitions involve procurement of R&D services at a fair market value and are not subject to subsidy control criteria that typically apply to grant funding.
Innovate UK will not fund projects that:
- Do not have a strong social impact, focus or purpose
- Do not address any of the seven themes from the Healthy Ageing Challenge Framework
- Include clinical trials, clinical studies, or fundamental research
- Require regulatory approval
- Do not have an existing lead customer
- Involve the development of early stage technologies
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.