Business Basics 2 - SME productivity (Proof of Concept)
The Business Basics Fund aims to test innovative ways of encouraging SMEs to adopt existing technologies and business practices that boost productivity.
Your proposal must relate to the actions SMEs can take to become more productive by:
- adopting tried-and tested technologies, accountancy, CRM or HR software or payment systems
- adopting modern business practices
- improving their use of such tried and tested technologies and management practices already active within the business
- or a combination of the above
This is the second round of the Business Basics Fund. Innovate UK are funding 2 types of project in this round: trials and proof of concepts.
This competition is for proof of concept projects for ideas that are in early development. They should encourage SMEs to adopt existing technologies and/or management practices that can boost firm level productivity.
Trial projects will test different approaches to encouraging SMEs to adopt existing technologies and/or management practices that can boost firm productivity. These projects will help to generate robust evidence on the most effective approaches, and build an understanding of the short, medium and long-term impacts of these approaches.
To apply for funding to run a trial where the lead applicant is a business you must apply through the business-led trial competition.
To apply for funding for a trial where the lead applicant is not a business you must apply through the non-business led trial competition page.