The outbreak of COVID-19 has created a totally unprecedented number of challenges individuals and businesses around the world.
Social distancing is forcing businesses to adapt rapidly and for others, it has unfortunately meant closing their doors permanently. Even with daily updates, there is uncertainty of what news tomorrow will bring and no clear indication of when things will return to normal.
In order to ease the impact of COVID-19, and any other possible global disruptions, the UK is investing up to £20 million to develop innovative and ambitious ideas to address the needs of society or industry.
If your business has the means to help, this competition could help you make a significant contribution to the nation, and secure up to £50,000 as an upfront payment to cover the costs of your project.
- The competition is open until midday on Friday 17 April 2020
- Businesses of any size may apply
- Winning projects to be awarded grants of up to £50,000 and for them to last up to 6 months
- Businesses can attract 100% of their project costs
- Projects must start by June 2020
- Projects with strong potential could attract follow-on funding.
The examples given on GOV.uk for project ideas include:
- new platforms and software for music artists to stream live performances, connect remotely to their fan-base and allow global audiences to enjoy their live experience
- new ways for families to connect with and remotely monitor their elderly or vulnerable relatives and ensure they are receiving what they need, including food deliveries, doctor appointments and help to pay bills
- technology to help retailers to better respond better to spikes in customer demand, including to ensure they can deliver country-wide
- new education tools that allow teachers to remotely set tasks that keep the whole class together, support vulnerable children and ensure no-one is left behind
Where to apply
The competition page with further information, and details of how to apply, can be accessed using the link below:
Who is running the competition?
The competition is being run by Innovate UK, which is part of UK Research and Innovation – a non-departmental public body funded by a grant-in-aid from the UK government. Their role is 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.
For more information, please visit: https://www.gov.uk/government/organisations/innovate-uk/about