Innovate UK aims to drive productivity and economic growth by supporting businesses to develop and realise the potential of new ideas, including those from the UK’s world-class research base. They fund business and research collaborations to accelerate innovation and drive business investment into research and development.
The support is available to businesses across all economic sectors, value chains and UK regions.
“Since 2007, we have invested around £2.5 billion to help businesses across the country to innovate, with match funding from industry taking the total value of projects above £4.3 billion.
We have helped 8,500 organisations create around 70,000 jobs and added an estimated £18 billion of value to the UK economy.”
Young Innovators Awards 2022/23
Young people can apply for an award to make their business idea a reality. This includes a grant for £5,000, a living allowance and tailored business support.
- Competition opens: 14 June 2022