Medicines manufacturing round 1: challenge fund
Innovate UK is to invest up to £15 million in innovation projects in medicines manufacturing to be funded through the Industrial Strategy Challenge Fund. Projects should focus on identified technical or commercial challenges. There are 2 parts to this competition:
1.Feasibility projects (£50,000-100,000 of funding per project)
2.Industrial research and experimental development projects (up to £2m per project).
You must start your projects by 1 February 2018.
You must show how your project will improve the productivity, competitiveness and growth for at least one UK small or medium-sized enterprise (SME) involved in the project.
total project costs must range in size from £50,000 to £100,000;
projects can be from a single SME or you can work with other businesses or research organisations;
you must complete your project within one year.
Industrial research and experimental development:
total project costs must must be up to £2 million;
projects must be collaborative and include at least 2 grant-claiming organisations;
you must complete your project within 3 years.
There will be a briefing event in Manchester on 13th September 2017 for interested parties.