This document provides an agenda and details for a webinar briefing on the Transforming Foundation Industry Investor Partnership. The webinar will include introductions, presentations on the scope and eligibility of the partnership and competition, and a Q&A session. Investor partners such as HG Ventures, Clean Growth Fund, and Midven Ltd will also present. Attendees will have the opportunity to network virtually with investors after the webinar. The briefing aims to inform applicants about funding opportunities through the partnership and competition.
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Transforming Foundation Industries - Investor Partnership Launch Event
1. Transforming Foundation Industry Investor Partnership
Applicant briefing
23rd March 2021
• The webinar will start at 13:30
• We are currently on mute, whilst waiting for more people to join
• We will conduct a sound check before the briefing starts
• Please ensure that you are dialled in, either by computer or phone, so that you can hear the briefing.
• If you have any audio issues, please dial in from a fixed line.
• The briefing will be recorded and available for you
2. 13:30: Welcome and introductions, Ajay Kapadia, Knowledge Transfer Manager, KTN
13:35: The Transforming Foundation Industries Challenge, Bruce Adderley – Challenge Director, Innovate UK
13:40: The Competition – Scope and Eligibility, Applying to the Investor Partner Programme, Hugh Falkner – Innovation
Lead, Innovate UK
14:00: Meet Our Investor Partners - Ajay Kapadia
HG Ventures, Jonathan Schalliol
Clean Growth Fund, Beverley Gower-Jones
Midven Ltd, Andy Muir
Speedinvest Industry, Marie-Hélène Ametsreiter
Turquoise International, Ian Thomas
14:25 Applying to the Innovate R&D Competition on Innovation Funding Service (IFS), Karl Wilkins – Portfolio Manager,
Innovate UK
14:45: Q&A – Innovate UK and KTN
14:55: Wrap up, Ajay Kapadia
15:00: End
15:30: Virtual networking with investors using the Meeting Mojo platform
https://transforming-foundation-industries.meeting-mojo.com/
Agenda
3. Welcome and Introductions
Ajay Kapadia
Sector Manager, Knowledge
Transfer Network
Hugh Falkner
Innovation Lead
Shelley Astrop
Events Manager
Chris Gill
Marketing Manager
Bruce Adderley
Challenge Director
Karl Wilkins
Portfolio Manager,
Competitions Team
4. Introducing our Investors
HG Ventures
Jonathan Schalliol
Clean Growth Fund
Beverley Gower-Jones
Midven Ltd,
Andy Muir
Speedinvest Industry
Marie-Hélène Ametsreiter
Turquoise International
Ian Thomas
6. 6
We are the UK’s innovation agency
We connect businesses to the
people that can help them
and fund businesses and research
collaborations in all economic
sectors, value chains and UK
regions to accelerate innovation
Innovate UK
8. The Foundation Industries comprise the ceramic, glass, cement, metals,
paper, and chemicals sectors.
These sectors are worth £45bn to the UK and employ 500,000 people,
mostly outside the south east in areas of deprivation.
Challenges:
1. by far the largest industrial polluter, generating 10% of all UK’s
CO2 emissions
2. capital intensive making it difficult to change and compete with
new plant from the developing world.
to transform our Foundation Industries so that they are
internationally competitive in manufacturing products vital for our
economy in an environmentally sustainable way, supported by a
£66m 4-year fund
Transforming the Foundation Industries
9. New feedstocks
• Alternative
feedstocks
• Increased use of
recycled
feedstock
Water
• Conservation
• Treatment
Energy optimisation
• Process plant
• Ancillary equipment
• Waste heat re-use
• Novel energy generation
New Technology
• Industry 4.0
• Robotics
• Artificial Intelligence
• Sensors & Controls
New business models
That enable other
things to happen
New Materials
New Products
(to increase
sustainability of end
uses)
Waste
Materials
Heat
Production Optimisation
• Increased throughput
• Greater flexibility
• Faster production changes
• Quality control
• Asset maintenance
• Stock management
The TFI Challenge – What’s in scope?
10. The Competition – Scope
and Eligibility
Hugh Falkner – Innovation Lead
11. Scope
Projects should aim to address one or more
of the ‘environmentally sustainable’ objective
s of the ISCF Transforming Foundation
Industry Challenge. You can include:
energy costs and optimisation such as
heat or energy recovery and reuse
process measurement, optimisation and
digitisation, such as sensor technology or
digital tools
waste recycling, utilisation and
symbiosis, such as reuse of waste or
industrial symbiosis
new product and service development,
such as new materials, new materials-
based products and services, or new
business models
The aim of this competition is to support the
foundation industries (cement, paper, glass,
ceramics, metals and bulk chemicals) to address
the resource or energy efficiency of the
foundation industries or its supply chains.
You must help the UK’s foundation industries
remain globally competitive and become more
environmentally sustainable. Your project must
focus on resource or energy efficiency in the
foundation industries in one or more areas:
establishing long-term viability of domestic
supply chains
new markets
new business models
new products and services
new processes
12. Competition Funding
• UK registered SMEs can apply for grant funding
for R&D projects that are aligned with private
equity investment from selected investor
partners.
• Investor Partners will make an aligned
investment at least equal to the Innovate
funding.
• There is £7m of Innovate funding available,
which we would like to be spread across our
Investor Partners. This gives a competition total
value of over £14m.
• Project size: £50k - £2m eligible costs
• Projects must end by 31 March 2024. They can
last 12 to 24 months.
Example
• For a project with eligible costs of £1m that is
able to claim aid at 70% intensity, Innovate UK
would contribute £700k to the project. The
Investor partner would contribute a minimum of
an additional £700k.
• The company would therefore receive a total of
£1.4m, enabling it to both complete the project
and develop the wider business. (See for
guidance on aid intensity).
13. • To be successful, you must receive investment from the investor partner, and
your project must be independently assessed by Innovate UK as fundable
• This is an invitation-only programme. You must be invited by an appointed TFI IVP
Investor Partner to take part. Applications that have not been invited by an Investor
Partner will not be assessed
• You can only be invited to submit one application into this round of the competition by
your investor partner
• You can use a previously submitted application to apply for this competition.
• We will not award you funding if you have:
- failed to exploit a previously funded project
- an overdue independent accountants report
- failed to comply with grant terms and conditions
Eligibility - 1
14. Eligibility - 2
This competition is open to single applicants only
To apply your organisation must:
be a registered as a UK micro, small or medium sized business (SME) by the time the award is
contracted
carry out its project work in the UK
intend to exploit the results from or in the UK
be invited to apply by your investor partner
have discussed and agreed your proposal with your investor partner before submitting
15. We are not funding projects which are:
not invited by a specified investor partner
not carried out by SMEs
collaborative R&D projects
not part of a company’s growth plan
unable to prove there is potential for return on investment and growth
large capital infrastructure
focused on fuel switching or greenhouse gas capture technology
not focused on the foundation industries or their immediate supply chains
subsidies dependent on export performance – for example giving a subsidy to a baker on the
condition that they export a certain quantity of bread to another country
subsidies contingent on the use of domestic content – for example if they insisted that a baker use
50% UK flour in their product
Projects we will not fund
16. Funding for R&D projects
Funding for R&D projects split in to 3 categories; Feasibility studies, Industrial research & Experimental development
For feasibility studies and industrial research projects, you could get funding for your eligible project costs of:
• up to 70% if you are a micro or small organisation
• up to 60% if you are a medium-sized organisation
For experimental development projects which are nearer to market, you could get funding for your eligible project
costs of:
• up to 45% if you are a micro or small organisation
• up to 35% if you are a medium-sized organisation
• For general guidance on what our research categories are please visit https://www.gov.uk/guidance/innovation-
apply-for-a-funding-award#categories-of-research-and-development
• All financial support must comply with Subsidy Control rules (see later for details)
• The investment from investor partners must always be at least equal to the grant funding
17. Timeline Dates
Briefing Event March 23rd 2021
Competition Opens April 15th 2021
Submission Deadline Rolling
• First deadline May 26th
• Last deadline November 10th
Key Dates
19. Step 1: Check Eligibility and
Scope
Step 2: Select your prospective
Investor Partner(s)
Step 3: Complete the Initial
Application Form
Step 4: Discuss with Investor
and complete EOI form
Step 5: Complete the On-line
Innovate R&D Competition
application on IFS
Step 6: Assessment
The Investor Partner scheme
application process
20. Read the Competition Information pack on
the KTN website, and check that your
project is in scope.
Step 1 Check Eligibility
and Scope
Step 2: Select your
prospective Investor
Partner(s)
Clean Growth Investment Management LLP
HG Ventures LLC
Midven Ltd
Speedinvest III EuVECA GmbH & Co KG
Turquoise International Ltd
21. Write a one-page investment profile. This should describe
your investment requirements and supporting
information, including all of the following and anything
else you think is relevant:
funding received
ask or use of funds
team
traction
problem and solution
market
business or revenue model
financial projections
contact details
Step 3: Complete the Initial Application Form
The one-page investment summary is the
handout version of your investment pitch.
The summary should be a stand-alone
document which can pique the interest of
potential investors. This specific one-page
investment summary should also highlight the
grant alignment being sought through the TFI
competition, but the majority of the focus
should be on the company investment strategy
overall.
Writing a
compelling
investment pitch
Friday April 16th
with Emma Fadlon, KTN
Access to finance team
22. Investor will explore the investment opportunity
with you. If they wish to proceed, they will send a
completed Expression Of Interest (EOI) form to
KTN. This is a final pre-application check and
confirmation that the Investor partner and SME
have serious intentions.
Step 4: Discuss with
Investor
Step 5: Complete the
Innovate R&D Competition
application
Your Investor Partner will send you a link to the
competition site.
NB The detailed scope is described in the scheme
Guide available on the KTN website.
If your R&D competition application is assessed as
fundable by the independent external assessors,
and you have reached Heads of Terms with your
Investor, then it is expected that you would receive
a Grant.
Step 6: Assessment
23. The Applicant Information
Pack
This contains full details of the Transforming
Foundation Industry Investor Partner programme.
It will be available on the KTN website prior to the
scheme launch.
25. Clean Growth Fund Introduction
Transforming Foundation Industries Launch
23rd March 2021
26. Clean Growth Fund
A first of kind fund aligning capital, founders and government
to address climate challenges
Confidential 26
Consumer demand, gov’t
policy & cost reductions
allow for rapid growth
… but too few active
investors can meet
demands of founders
… as a team we have
sector operational &
investment expertise
… to support early stage
founders to decarbonize
our planet
27. Fund Strategy
Invest once product market fit successfully demonstrated, driving projects and scale up
Confidential 27
Major drivers to change
• High carbon emissions
• New technology
• New business models
Sectors
• Transport
• Power
• Industry
• Waste
• Buildings
Stage
• Majority early stage
• First commercial
demonstrator
• Pre- & post revenue
• Founder Friendly
• Welcome co-
investment
Technology
• New technology
• Software
• Services
• Engineering
• Hardware
01 02 03 04
28. Our Investment Strategy
Founders are delivering new zero carbon services, products & experience
Confidential 28
New Platform
Technologies
AI
Storage
Biotech
100111011001101
001101010011101
Alternative
Fuels
01
Power
Renewable power generation, Innovative energy networks, Demand
Response, Renewable CHP, Energy Storage, Smart Grids
02
Transport
Autonomous vehicles & networks, Light-weighting & aerodynamics, Air
pollution systems, Engine efficiency, Electric Vehicles, Drones
03
Waste
Waste avoidance, Washing & sorting solutions, Materials re-use & recycling, Chemicals
reclamation, Gasification / pyrolysis, Anaerobic digestion, Waste to fuel
04
Industry
Alternative Fuels, Efficient machinery, Sensors, Logistics optimization, Efficient thermal
transfer, Carbon capture and storage
05
Buildings
Heat pumps, Renewable CHP, Energy efficiency, Services & controls, Heat
network performance, Smart inspection
Separation
techniques
Materials
31. Our passion is innovation in material sciences.
Our pride is our people, who courageously pursue the
answers to tomorrow’s biggest challenges. And our
purpose is to build a safer, more sustainable world.
We tackle complex problems. We bet on our people. We do
the right thing – always. We take care of our community.
And we never give up.
32. $5B >300
4 90
Operating
Locations
Years of
Building
Public Co.
Revenue
Generations of
Leadership
33 6,000
Employees
Worldwide
Key
Businesses
Primary Business Sectors
● Environmental Services & Recycling
● Construction & Materials
● Specialty Chemicals
Significant Central R&D Resources
● Organic Chemistry
● Inorganic Chemistry
● Materials Characterization
● Chemical Engineering
● Electrical Engineering
● Mechanical Engineering
● Infrastructure Materials
33. $50 Million
Investment Target Each Year
Early & Growth
Stage Investments
$20 MM
Per Company
$1-$10 MM
Typical First Check
Strict
Confidentiality
Flexible
Exit Timeline
34. 73% of the funds invested has been in companies
focused on clean energy or reduced consumption
of materials and resources.
We leverage the expertise of The Heritage Group
operating companies and research center to offer
a unique value proposition.
We invest in transforming traditional industries.
35. Selected Portfolio Companies
Biosynthetic Technologies produces sustainable, carbon negative,
biobased synthetic compounds for use in motor oils, lubricants,
personal care and more. 🇺
🇸
🇬
🇧
Puraffinity makes novel absorbent biomaterials for the specific,
targeted binding of micropollutants, initially PFAS, in wastewater.
🇬
Making Roads Smart – ensuring that roads are safe, efficient, and
supports smart vehicles.
Romeo is the "Power Inside" the leading commercial vehicles.
🇺
🇸
Equispheres is revolutionizing additive manufacturing by producing
near-perfect metal powder through atomizaton. 🇨
🇦
P2 Science is a green chemistry company, marketing specialty
chemicals to the cosmetics, fragrances and polymer markets. 🇺
🇸
36. Selected Portfolio Companies
Material Evolution applies machine learning to the construction
industry for the formulation of smart and sustainable concrete.
🇬
🇧
🇺
🇸
Pretred repurposes waste tires and plastics into innovative and
efficient industrial use barriers and blocks.
🇪🇪
Gelatex utilizes waste gelatin and recycled materials to create
leather without toxins, which is cheaper than traditional leather.
Magment offers magnetizable concretes for inductive electrification
of electric vehicles. 🇩
🇪
Install or replace water pipes without digging a trench, minimizing
disruption to surface providing up to 40% savings 🇧
🇷
Mobile Fluid Recovery separates liquids from solids in industrial
waste streams so that each can be managed more economically
and sustainably. 🇺
🇸
37. • Originally founded in 1992 to assist
and invest in Midlands SMEs
• Now investing in high growth
companies across the UK in a range
of sectors and stages
• Owner-managed, institutional
investor based in Birmingham
Harwell and London
• Track record of successfully
managing six funds to date:
combining strong commercial
returns with impact for our public
sector partners
38. Building great companies from UK science & innovation
UK Innovation & Science Seed Fund (UKI2S)
• A £27m national seed stage fund bridging public sector research
& private capital
• Pipeline of opportunities based on complex science
and engineering - "Deeptech" - through relationship with UKRI
• Dual mandate: to create economic & social impact
through commercialisation of technologies, and to generate
sufficient return to be sustainable over the long term
• Substantial investment in healthcare, sustainable
technologies and other areas of impact investment
39. Building great companies from UK science & innovation
UKI2S Partners – £3.8bn investment pa. at the
heart of UK Science
Focus on dual use technologies. Campus at Porton Down, strong
links with universities and agencies
Feeding a growing population, Healthy
Ageing and replacing fossil fuels
Particle physics and space research, CERN & ESA
40. Building great companies from UK science & innovation
The risks we understand
Technology
development risk
Lack of visibility
on exit
Incomplete
funding package
Incomplete
management teams
Uncertain
route to market
Too early for
Commercial sales
Our Role
• Mentoring & shaping of investment
proposition
• Lead investor at Pre-Seed and Seed
Rounds
• Take board positions
• Help recruit NEDs & advisory boards
• Active involvement in CXO recruitment
• Key in securing co-investors in later
rounds
8
• Please see our detailed investment criteria at
https://ukinnovationscienceseedfund.co.uk/investment-focus/criteria/
41. West Midlands Equity Fund
• A £35m equity fund for high growth businesses in the West
Midlands (10% for East and South East Midlands)
• Investment £100,000- £2M
• Targeting 37 investments over 5 years – focus is established
companies (i.e. have sales), but will consider some early stage.
• In considering an investment opportunity we are looking for
Clear USP or strong IP
Strong management with relevant experience
Significant growth potential
Large market
Exit achievable within 3-7 years
43. March 2021 | Introduction
Industrial Tech
Made in the future
44. Since 2011, we have raised
seven funds and invested in
180+ companies
Start-ups value our
operational support platform
for marketing, HR, business
and corporate development
€440M+ assets under
management
A hands-on operational
approach
Speedinvest in a nutshell
A multi-vertical and early-stage VC
Speedinvest has offices in
Vienna, Berlin, London,
Paris, Munich and San
Francisco
Speedinvest has set up
dedicated investment funds
for Industrial Tech/Climate
Tech, Marketplaces and
FinTech
Expand into Europe and the
United States
Five sector-focused
investment teams
2
45. €70M for Industrial Tech Investments
in Europe
We spent eight years fine-tuning a powerful, transparent and fair model that attracts top founders and bring
great return for investors.
Deep Expertise and strong network
and portfolio in Industrial Tech
20+ highly focused and active LPs
from European Industrial companies
& circle partner program
Our Industrial Tech focus sets us apart
Investment focus: Pre-seed & seed – Lead - Europe
Industrial Tech, Climate Tech, Construction Tech
Leading alloys & composite
materials manufacturer.
Number 1 steel company
in Austria for steel
projects of all sizes
Leading international
development partner and
supplier to the automotive
industry
Leading European
woodworking business
46. Hands-on expert
support for our portfolio
ranging from finding
product-
market-fit, over hiring a
world-class team to
successfully raising the
next funding rounds.
3
Our unique operational support platform
Founders love working with our specialized team and investors get great returns due to our domain expertise
20+ Full-time experts in
marketing, HR and
business development
100+ Partnerships with global
VCs, business leaders and
industry experts
40+ Focused investment
professionals with deep sector
knowledge
Growth hacking and marketing
support from our Speedinvest
Pirates experts
Hiring and HR support from our
Speedinvest Heroes experts
European and US expansion
support from our dedicated
business development team
Fundraising and M&A support
from our experienced corporate
development team
47. Get in Touch Marie-Helene Ametsreiter
General Partner
+49 174 34 333 34
marie-helene.ametsreiter@speedinvest.com
www. speedinvest.com
Disclaimer
Please note that the information contained in this discussion document is subject to further assessment by professional advisors. This discussion document does neither constitute an offer nor an invitation to submit an offer to invest in any
business and/or venture described herein, nor any investment, tax or other advice. Any information provided in this discussion document as well as any information received in connection with the presentation of this discussion document
shall be treated as strictly confidential and shall not be shared with any third party, including the existence of this discussion document.
49. Established in 2002
Core team of 13 staff, plus consultants
Authorised and regulated by the UK Financial Conduct Authority
Focus on Energy, Environment & Efficiency
Technologies: e.g. advanced materials, automotive, energy efficiency
Infrastructure: e.g. solar, geothermal, marine
Leading adviser in the sector
80+ advisory mandates
Focus on capital raising and M&A (technology, business roll-out, projects)
M&A for companies with significant IP component
Strong network in China
Active early stage investor
Currently investing Low Carbon Innovation Fund 2 (£11m fund; 7 investments to date)
Also manager of LCIF1 (£18.5m invested in 23 early stage investments)
Plus 10 seed stage principal investments, including 5 start-ups created
49
Turquoise
50. 50
Low Carbon Innovation Fund 2 (LCIF2)
Background:
• £11m fund deploying capital provided by European Regional Development Fund, investing in England
• Equity investments (including convertible loans) up to £450k per round in early stage low carbon businesses
• 7 investments to date
• Co-invests alongside private sector investors
• Can lead an investment round (including negotiating terms of investment and legal documentation) or follow
other investors
Process:
• 3 stage investment process: (1) initial screen (to identify red flags), (2) investment approval (key stage) and (3)
authorisation to sign and invest
• Can be completed within 3 months assuming no undue complexity and investee company provides due
diligence information in a timely manner
51. 51
LCIF2 team
Partners
GHG impact assessments Legal advice
Investment Committee of 6 people, including:
Professor John Loughhead
Independent Member
Chief Scientific Adviser to BEIS/DECC
2015-2020, ex UK Energy Research
Centre, Alstom R&D
Desmond Astley-Cooper
Chair
30+ years in fund management and
finance, ex managing director of LA
Investments (VC investments in energy,
biotech and other sectors)
Advisers
Technology &
market evaluation
Professor Geoff Callow
Former Chief Scientist of Motor
Industry Research Association and
expert in low carbon technologies
52. Applying to the Innovate R&D
Competition on Innovation
Funding Service (IFS)
Karl Wilkins – Portfolio Manager
53. Applicant: create an account
Open the competition link sent to you by your investor
partner. You must now set up an account.
UK based businesses - Use Companies House
lookup as it speeds up our checks by providing your
company number and your are unable to enter it at a
later date
Research organisations, academics &
Universities - Enter your information manually so
you’re not listed as a business on IFS and ensure you
receive the correct funding
54. Project Details
Application Team - Invite colleagues from your own organisation to help you complete your application
Application Details - Title, Timescales, Research Category, Innovation Area & Resubmission (y/n)
Project Summary - Short summary and objectives of the project including what is innovative about it
Public Description - Description of your project which will be published if you are successful
Scope - How does your project align with the scope of this competition? - If your project is not in scope, it
will be ineligible for funding
55. Application form Appendix?
Question 1 Programme and Investor partner No
Question 2 Need or challenge No
Question 3 Approach and innovation Yes - optional
Question 4 Team and resources Yes - optional
Question 5 Market awareness No
Question 6 Outcomes and route to market No
Question 7 Wider impacts No
Question 8 Project management Yes - mandatory
Question 9 Risks Yes - mandatory
Question 10 Added value No
Question 11 Costs and value for money No
Application Questions
Detailed guidance available on IFS
57. To claim funding:
Your business does not have to be UK registered with Companies House when you apply but it must be
registered before you can receive funding.
You are unable to claim funding if:
• You are an overseas organisation, so your company number begins with FC
• Your organisation is setup as a branch, so your company number begins with BR
• Your company is based in Jersey, so your company number begins with JE
58. Eligible:
• Staff working directly on
project
• Paid by PAYE
• NI, pension, non-discretionary
costs
Ineligible:
• Dividends
• Bonuses
• Non productive time
Labour
59. Overheads
Innovate UK’s definition: additional costs and
operational expenses incurred directly as a result of
the project. These could include additional costs for
administrative staff, general IT, rent and utilities
Indirect (administration) overheads
• please ensure they are additional and
directly attributable to the delivery of the
project
Direct overheads
• E.g. office utilities, IT infrastructure, laptop
provision not covered by capital usage
• must be directly attributable to the project
• Provide detailed breakdown together with
methodology/basis of apportionment
60. Material costs
Please be clear on what the
materials are, just putting
consumables doesn’t provide
enough detail and we will
request more information
should you be successful
61. Capital equipment usage
Eligible:
Used in the project or shared with day-
to-day production.
Calculations will need to be in line with
your accounting practices.
Even if the equipment is depreciated
fully over the life of the project this must
be added under capital equipment.
62. Subcontractors
Eligible:
Justified and quantified.
If non-UK sub-contractors are being
used, you will need to provide
strong justification on why an UK-
based sub-contractor is not being
used.
If you’re sub-contracting to a parent
or sister company, please ensure
you list at cost and do not include
profit.
63. Travel & subsistence
Eligible:
Costs must be directly linked to the
project
Please breakdown your costs as
follows:
• Travel
• Accommodation
• Subsistence
If you have an annual trip to visit
the parent company this is not an
eligible cost
64. Other costs
Eligible:
• Costs that could not be added under
previous headings
• Do not double count
• Patent filing costs for new IP – SMEs
up to £7,500
65. Funding
Funding rules
• The level of funding awarded will depend upon the type of organisation and the type of
research being undertaken in the project
• Funding is calculated by project participant
IFS will advise the maximum grant % you can request based upon your answers to:
• Type (and size) of organisation
• Research category defined by the lead applicant in the Application Details section of the
application
66. Project cost summary
All organisations can see a
summary of project costs
Ensure the highlighted costs
fits the criteria for this
competition state total project
costs criteria
67. Checking your finances are complete
IFS checks
• all organisations have marked
their finances as complete
• research organisation participation
is no greater than 30% / 50% of
the total project costs
• IFS DOES NOT VALIDATE TOTAL
PROJECT COSTS
68. Editing a submitted application
Reopen by
clicking here
Remember to
press SUBMIT
69. Eligibility Criteria: Funding Opportunities
Funding for R&D projects split in to 3 categories; Feasibility studies, Industrial research & Experimental development
For feasibility studies and industrial research projects, you could get funding for your eligible project costs of:
• up to 70% if you are a micro or small organisation
• up to 60% if you are a medium-sized organisation
• up to 50% if you are a large organisation
For experimental development projects which are nearer to market, you could get funding for your eligible project
costs of:
• up to 45% if you are a micro or small organisation
• up to 35% if you are a medium-sized organisation
• up to 25% if you are a large organisation
For general guidance on what our research categories are please visit https://www.gov.uk/guidance/innovation-apply-
for-a-funding-award#categories-of-research-and-development
70. Eligibility Criteria - EU State Aid Regulations – Northern
Ireland Protocol
If you are an applicant who is conducting activities that will affect trade of goods and/or electricity between Northern Ireland and the EU as
envisaged by Article 10 of the Northern Ireland protocol, then you must apply under European Commission State aid rules
Undertaking in Difficulty
For applicants subject to the European Commission State aid rules, you will be required to prove that they were not an “Undertaking in Difficulty”
(UiD) on the date of 31 December 2019 but became a UID between 1 January 2020 and 30 June 2021. We will ask for evidence of this.
This test applies to:
• companies that are more than 3 years old
• companies where more than half of its subscribed share capital has disappeared as a result of accumulated losses.
• your parent or holding company
Certify you are eligible
When submitting an application, you must certify that you are eligible for State aid. If you are unsure, please take legal advice before applying.
Should you be successful, we will apply this test as part of our viability checks before confirming the grant offer.
Further information is available on our website in the general guidance under state aid
If you are applying for an award funded under State aid Regulations, the definitions are set out in the European Commission Recommendation of
6 May 2003
71. Compliance with the UK Subsidy Control Regime
On 1 January 2021, the UK left the EU and is no longer subject to EU laws on State aid. We draw your attention to the guidance issued by
BEIS: Complying with the UK’s international obligations on subsidy control: guidance for public authorities. Please be aware this is a living
document and may be updated by BEIS as time progresses.
The set rules (typically GBER) which we previously relied on for the limits of what we could award, have now been replaced by internal
decisions based on the new BEIS Subsidy Control regime, and on policy, which will in turn set out bespoke eligibility requirements for each
funding opportunity.
Innovate UK is offering funding for this competition in line with the UK's obligations and commitments to Subsidy Control.
To ensure that Innovate UK remains compliant with the UK’s international Subsidy Control duties in respect of:
• The EU-UK Trade and Cooperation Agreement;
• Article 10 of the Northern Ireland Protocol: (successful applicants which are affected by the Northern Ireland Protocol will
be funded in line with EU State aid regulations)
• Article 138 of the Withdrawal Agreement (some Union law applicable after 31 December 2020 in relation to the UK’s
participation in Union programmes and activities)
• The Subsidies and Countervailing measures within the WTO (ASCM);
• Any other Free Trade Agreements active at the time of award.
All awards will be conditional on compliance at all times with the UK Subsidy Control regime – this will be reflected in
the terms and conditions of any award.
72. Due diligence for UK Subsidy Control Regime
Under the Subsidy Control Regime, we will carry out financial health checks and going concern assurances on your
organisation.
Certify you are eligible
When submitting an application, you must certify that you are eligible for funding. If you are unsure, please take independent
legal advice before applying. Should you be successful, we will complete these financial checks and assurances before
confirming the grant offer.
For more information on company sizes, please refer to the Company accounts guidance.
Further information is available on our website in the general guidance
75. Meeting mojo
Your chance to talk directly to other delegates or
Investors. You do not have to any personal
contact details to participate
https://transforming-foundation-
industries.meeting-mojo.com/
15:30 – 17:30
Coming soon:
Writing a compelling investment pitch
Friday April 16th
Alternative Support for your innovative
business
Thursday March 25th
with Emma Fadlon, KTN Access to Finance Team
76. Knowledge Transfer Network:
www.ktn-uk.co.uk
Email: ajay.kapadia@ktn-uk.org
Innovate UK:
https://www.gov.uk/government/organisations/innovate-uk
Email: support@innovateuk.ukri.org
Customer support service: 0300 321 4357
Contact