Innovate UK has launched a £19 million call for cutting-edge technology innovation projects from any sector, including tidal and wave energy.
UK’s innovation agency Innovate UK said the funding is available for projects ranging from feasibility studies through to experimental development that is closer to commercialization.
The applications should be for game-changing innovative ideas that will lead to new products, processes or services ahead of the field in any sector of the economy.
Innovate UK said it expectes the projects to range in size from £25,000 to £1 million depending on the type of research, and to last between 6 months and 36 months.
The call, launched on December 11, 2017, is open for projects that must be led by a business working alone or with other organisations or researchers.
Businesses could attract up to 70% of their total project costs, according to Innovate UK.
Priority will be given to proposals that are likely to lead to sustainable gains in productivity or access to new overseas markets through export led business growth, Innovate UK noted.
The deadline to apply for the competition has been set for February 28, 2018.