UK businesses can apply for a share of up to £1.5million to develop innovative technologies targeting global markets in partnership with Israeli companies.
Innovate UK, part of UK Research and Innovation, is investing up to £1.5million to fund collaborative research and development (CR&D) projects focused on industrial research.
The UK and Israel are announcing a joint funding competition under the EUREKA framework. This will support collaborative, business led research and development (R&D) projects which should result in a new product, industrial process or service. Projects must be innovative, involve a technological risk and target large global markets.
The competition will fund projects from any technological or market area.
The national funding agencies will fund their respective participants in the projects.
This EUREKA competition provides innovation research and development (R&D) funding for industrial research projects.
Your 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
- A team, business arrangement or working structure with the necessary skills and experience to run and complete the project successfully and on time
- Awareness of all the main risks the project will face (including contractor or equipment failure, recruitment delays and so on) with realistic management, mitigation and impact minimisation plans for each
- 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 impact both the UK and the Israeli economy and/or productivity in a positive way
- The benefit of participants from the two countries working together
- How this adds value
Innovate UK reserves the right to apply a ‘portfolio’ approach for the selection of projects in this competition. This is described in more detail in the guidance for this competition.
Total eligible costs per project are expected to be between £200,000 and £250,000 for the UK partner. Other total eligible costs will be considered.
Your project is expected to last up to two years. Innovate UK expect your project to start by 1 November 2020 but this is dependent on the national funding procedures of the countries involved in your project.
Projects must be collaborative.
To lead a project as a UK-registered organisation you must:
- Be a business, of any size
- Collaborate with at least one business of any size from Israel, which must be a separate non-linked legal entity to the UK partners
- Follow the full process correctly
You can also collaborate with other UK-registered businesses of any size.
UK research organisations, including universities, can participate as subcontractors.
Your project can include subcontractors but they must not account for more than 20% of the UK partners’ combined total eligible costs.
Projects must balance the total eligible project costs between the partners from the participating countries. No more than 75% can be claimed by either:
- A single partner
- Or by all partners from a single participating country collectively
Each partner must carry out the majority of its funded work within the country from which it receives funding. That is the UK for Innovate UK and Israel for the Israel Innovation Authority.
Your project can include partners that do not receive any of this competition’s funding. Their costs will count towards the total eligible project costs.
A non-grant claiming UK partner cannot lead on a project.
Organisations from other EUREKA member states can participate provided:
- Your project meets the minimum participation levels for UK and Israel organisations
- The partners have secured their own funding
Innovate UK has allocated up to £1.5million to fund innovation projects in this competition.
For industrial research projects, you could get funding for your eligible project costs of:
- Up to 70% if you are a micro or small business
- Up to 60% if you are a medium-sized business
- Up to 50% if you are a large business
This competition provides state aid funding under article 25 of the General Block Exemption Regulation (GBER). It is your responsibility to make sure that your organisation is eligible to receive state aid.
The funding support is in the form of a conditional grant. This generally amounts to up to 50% plus regional incentives for companies located in the designated ‘development zones’ of the eligible R&D budget. Further details regarding development zones, grants and payment of royalties are available at the Israel Innovation Authority website.
Innovate UK will not fund projects that:
- Have non-civilian applications
- Do not include at least one UK and one Israel based business
- 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.
Jo has a background in IP commercialisation, having spent more than 25 years in the innovation and enterprise sector. Jo is recognised in the industry for establishing the Loughborough Innovation Centre, where she was the managing director for 15 years.