The presentation was first shown during the 'Access to Finance and Funding for Innovation' breakout session at the RCUK Water and Cities Showcase which was held on the 30th June 2015.
3. • Introduction to Innovate UK
• What is the KTN and what do we do?
• Making a good bid
• Innovate UK funding
Overview!
4. Concept to
Commercialisation!
A
strategy
for
business
innova1on,
2011-‐2015
‘Our
goal
is
to
accelerate
economic
growth
by
s5mula5ng
and
suppor5ng
business-‐led
innova5on’
www.innovateuk.org!
5. Where Innovate UK fits
Concept or !
process validated !
in laboratory!
System or !
component !
validated in !
relevant !
environment!
System, model or !
demonstrator in !
relevant !
environment!
6. The toolkit
Innovation &
Knowledge Centres !
Access
to
finance
Access
to
knowledge
Access
to
equipment
and
skills
Collaborative
R&D!
Smart! Launchpad!
Catalyst!
Feasibility
Studies!
7.
8. Who does the money go to?
Can the UK do it? Is there a large
market opportunity?
Is the idea ‘ready’? Can Innovate UK
make a difference?
9. The
Knowledge
Transfer
Network
17 Cross-sector Groups
70,000+ Members
• 10,000+ Delegates per year
• 17 Industry Communities
10. The Knowledge Transfer Network
The UK’s innovation network
Connecting people to accelerate innovation
Interdisciplinary
Bringing together
businesses and
researchers from
different sectors.
Commercial
Introducing innovators
to public and private
funders and investors.
Strategic
Connecting people
who wouldn’t usually
meet to solve
innovation
challenges.
Entrepreneurial
Linking people with new
ideas and technologies
to partners and
customers.
11. Clustered communities, groups and
business programmes
Focus is on bringing together groups that would not normally meet
Materials
Chemistry
Environmental
Services
Agri-Food
Biosciences
Health
ICT
Electronics, Sensors
& Phototonics
Defence & Security
Space
Built Environment
Transport
Energy
Creative Industries
Digital Economy
Design
Sustainability, H2020, International, Access to Finance, Design
12. How we can help!
To
deliver
our
objec7ves
we
provide
a
number
of
services
to
our
members:
§ Informa1on
&
News
–
in
one
place,
up-‐to-‐
date
§ Events
and
ac1vi1es
–
for
knowledge
transfer
&
collabora7on
§ Partnering
-‐
Access
to
strong
network
of
industry
&
research
partners
–
connect
with
partners
for
projects,
join
consor7a
§ Funding
–
Help
with
finding
&
obtaining
funding
323 events
>17,000
delegates
570
collaborations
127 major
projects funded
c. £300 m
raised
e.g.
Environmental
Sustainability
KTN
Sept
2009
–
Sept
2013
13. Funding
—
Iden7fica7on
of
suitable
funding
streams
—
Advice
on
project
scope
and
eligibility
criteria
—
Iden7fying
poten7al
project
partners
&
Introduc7ons
—
Review
of
draP
proposals
prior
to
submission
—
Feel
free
to
ask
ques7ons…
but
don’t
leave
it
too
late!
14. Access to Funding & Finance team (A2FF)
• To help companies raise the match funding they
need to secure grant funding provisionally awarded
• To help organisations gain private funding
o Irrespective of grant funding
Remit of the A2FF team
15. • Advice on investable proposition
o Review and feedback on Investment Proposal
o Investor readiness priming
• Introductions to Investor networks suited to your
endeavour
• Introductions to further support providers
The A2FF team at the KTN offer:
Access to Funding & Finance team (A2FF)
16.
17. Innova7on Vouchers
An
Innova7on
Voucher
can
enable
a
business
to
access
knowledge
for
all
types
of
innova7on
–
for
example:
• ideas
for
new
or
improved
products,
processes
and
services
• using
design
to
improve
ideas
• Managing
intellectual
property
Most
importantly,
it
will
start
a
conversa7on.
18. Am
I
eligible
to
apply?
• You
need
to
be
a
start-‐up,
micro
or
small
to
medium-‐sized
business
located
in
the
UK
• The
idea
should
be
a
challenge
for
your
business
that
requires
specialist
help
• It
should
be
the
first
7me
that
you
have
worked
with
your
selected
knowledge
supplier
• Your
idea
must
be
applicable
to
one
of
the
thema7c
areas
• It
must
be
an
innova7on
idea
19. Innova7on
Vouchers
–
what’s
available?
•
100
Innova7on
Vouchers
will
be
available
in
each
round
for:
o
Agrifood
o
Built
Environment
o
Energy,
Water
and
Waste
• 25
Innova7on
Vouchers
in
each
round
for
Open
Data
Innovators
and
Inventors
in
partnership
with
the
Data
Strategy
Board
• All
vouchers
currently
available
have
a
value
of
up
to
£5k
–
you
pay
any
VAT
charged
20. Closing
dates
• The
applica7on
system
is
‘always
open’
• Closing
dates
quarterly
• If
offered
an
Innova7on
Voucher,
company
will
have
6
months
to
complete
the
work
and
make
a
claim
21.
22. Smart
• Funding to small and medium-sized enterprises for R&D
projects in science, engineering and technology
• Previously known as Grant for Research and Development
• Three types of grant are available:
• Proof of market 9m, £25k, 60% funding
• Proof of concept 18m, £100k, 60% funding
• Development of prototype 2y, £250k, ≤ 45% funding
23. Proof of market grant
• Enables companies to assess the commercial viability of a
project, through:
• Market research
• Market testing and competitor analysis
• Intellectual property position
• Initial planning to take the project to commercialisation,
including assessing costs, timescales and funding
requirements
Projects will last up to 9 months, have a maximum grant of £25k,
and up to 60% of total project costs may be funded.
24. Proof of concept grant
• To explore the technical feasibility and commercial potential of a
new technology, product or process, including:
• Initial feasibility studies
• Basic prototyping
• Specialist testing and/or demonstration to provide basic
proof of technical feasibility
• Intellectual property protection
• Investigation of production and assembly options.
• Also includes pre-clinical research studies
Up to 18 months, maximum grant £100k, up to 60% funded
25. Development of prototype grant
• Used to develop a technologically innovative product,
service or industrial process, such as:
• Small demonstrators
• Intellectual property protection
• Trials and testing, including clinical
• Market testing
Up to 2 years, maximum grant of £250k; up to 35% of total
project costs for medium enterprises, or up to 45% for small
and micro enterprises.
26. Assessment dates
The new batch assessment dates for Smart scheme
applications during the financial year 2015/16 are:
• 21 May 2015
• 16 July 2015
• 24 September 2015
• 26 November 2015
• 21 January 2016…
27. By co-funding projects involving partner-
ship between businesses and between !
business and academia, collaborative !
R&D reduces financial and technical risk
and encourages knowledge exchange, !
supply chain development and parallel !
working on complex challenges!
31. • 6 - 36 months
• Associate works full time on the company premises – but
employed by University
• Academic supervises Associate ½ day/week (average) at the
company
• Company supervises as per normal employee
• Associate project-manages
• Formal project management disciplines imposed
PARTNERSHIP
How does it work?
33. Support UK based businesses in engaging with Europe and H2020
Influence the funding priorities within H2020
by
• Working with NCPs and the EEN within the UK to optimise support to UK companies
• Building on links with the European Commission, European Technology Platforms
(eg SusChem) and PPPs (e.g. BBI, SPIRE)
• Participate in projects where they support the KTN purpose and strategy
(eg Co-ordination & Support Actions)
• Identifying opportunities for collaborations across sectors and along value chains
Support for H2020