£50 Million Funding For Emerging Tech Businesses

Innovate UK launch an investment plan in emerging technologies and industries

Innovate UK has launched a £50 million investment in nurturing the very latest, potentially game-changing technologies in the UK.

The four-year Emerging technologies and industries strategy is intended to help UK businesses and academics to turn ground-breaking ideas into reality in seven areas:

  • synthetic biology
  • energy-efficient computing
  • energy harvesting
  • non-animal technologies
  • emerging imaging technologies
  • grapheme
  • quantum technologies

They could all offer world-changing solutions to major global challenges. These might be new drugs, autonomous sensors and ‘hyper-spectral’ cameras for advanced detection systems.

The strategy also highlights how Innovate UK will be identifying and supporting as-yet unknown technologies as they emerge from UK universities.

The plan represents a doubling of investment by Innovate UK in emerging technologies over the next four years. Its ambition is to see the UK lead the world in one or more new growth sectors from an emerging technology area.

Find Innovate UK’s Emerging technologies and industries strategy on the GOV.UK website.

Current funding competitions

Innovate UK is currently running a number of competitions, including:

  • feasibility funding for small and micro businesses
  • energy catalyst funding
  • innovation funding for user experience projects

Access the full list of Innovate UK’s latest funding opportunities on the Innovate UK website.

Innovation and R&D escalator workshop

Invest Northern Ireland are hosting a free practical workshop with Innovate UK on 2 December 2014. Read more about the Innovation and R&D escalator workshop and attend the event to find out how to access Innovate UK’s funding.

Source: nibusinessinfo.co.uk