Innovation continuity loans: Strand 3 November 2020 new project competition

Posted on Posted on 17 Dec 2020

Competition closes: Wednesday 13th January 2021 11:00am

Innovate UK is offering up to £210 million in loans to micro, small and medium-sized enterprises (SMEs) and third sector organisations that have a challenge in continuing, completing or following on an innovation project. Loans are for organisations that find themselves facing a sudden shortage or even unavailability of funds resulting directly from the COVID-19 pandemic.

 

There are three parallel strands for innovation continuity loans:

 

We are looking to support highly innovative late stage projects with a clear route to commercialisation and economic impact. We will particularly welcome applications relating to innovation activity that has been supported through other forms of government or public sector support.

 

The purpose of this competition is to help businesses and third sector organisations overcome barriers to their innovations becoming a successful, commercial reality, particularly where they find themselves facing a sudden shortage or even unavailability of funds resulting directly from the COVID-19 pandemic.

 

Your proposed project must continue, complete or follow on from innovation activity that has not been supported by an award from Innovate UK in the last 36 months. We are looking for organisations who can demonstrate that their projects have the best potential for the future.

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