Business innovation: what funding you can get and how to apply
Guidance for business and academic organisations on Innovate UK’s funding competitions to test ideas and develop innovative products and services.
If you want to develop an innovative product, process or service, you may be able to get funding of between £25,000 and £10 million.
Innovate UK runs grant funding competitions that can help you develop your idea and make it successful. They are open to innovation projects led by a UK-based business or research and technology organisation, with funding awarded to the winners.
We also offer other forms of funding, including a pilot programme of innovation loans. Eligible small to medium-sized enterprises (SMEs) that want to carry out late-stage innovation projects could borrow between £100,000 and £1 million.
Details of the funding available and guidance on how to apply can be accessed online, here.
As part of your application we will ask for a breakdown of your eligible project costs as part of the application.
Our project costs guidance can help you understand the process. You should read this to help you understand what funding you can get.