3 Innovation Funding Opportunities

3 Innovation Funding Opportunities

Do you a great innovative idea, but you need funding to make it a reality? 

Did you know about the EIC Funding Finder?  It’s just one of the various FREE innovator support tools that we offer.

This month, our Innovation Community Lead, Liam Bolton, has picked out his top three ‘EIC funding finds’:

1. Driving the Electric Revolution: Supply Chains for Net Zero Competition

Driving the Electric Revolution, part of the Industrial Strategy Challenge Fund (ISCF), is working with Innovate UK (IUK), and investing in innovation projects that support the UK ‘s move to net zero.

UK registered businesses of any size can apply for funding for research into supply chain development for power electronics, electric machines and drives.

Maximum value: £ 5,000,000 

Competition closing date: Wednesday 30 June 2021 (11:00 GMT)

2. Energy for Tomorrow (EfT)

Energy for Tomorrow (EfT) is a UK scheme that supports entrepreneurs with innovations that tackle climate change, lower energy bills and deliver tangible positive impacts to people and communities.

Grants from £100,000 - £500,000 each are awarded over a period of up to three years.

Priority goes to smaller companies (turnover of less than £1 million) and UK-focused projects.

There is no set deadline for this award, you can apply all year round.

3. The Prospectory - Idea Fund

Calling UK-based individuals or small organisations with a novel technical idea!

The Idea micro fund could be the ideal place to start. It offers grants from £250 to £5,000.

Your proposal will be welcomed if it:

is based on a novel technical idea.

provides a social or environmental benefit.

is interesting, inventive and has a fun aspect.

To explore the full funding opportunities available, visit the EIC Funding Finder here.

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Achieving net zero targets is one of the biggest challenges facing the energy and utilities industry, but by innovating together we can drive change and deliver a decarbonised future. Our industry partners are always looking for innovative new solutions to the challenges they face, including net zero, which is why we provide a platform where innovators like you can respond to the latest innovation opportunities and challenges, and submit your innovative ideas. Our expert team have an extensive knowledge base, allowing us to consistently help our partners to address challenges, and to support our innovation community. This enables innovators and industry to come together and build a strong innovation culture and streamline innovation processes.

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