Develop advanced materials with South Korea: apply for funding
Monday, 11 March 2019 18:50
In a bid to encourage international partnerships, £2 million is
available through Innovate UK and the Korean Institute for the
Advancement of Technology (KIAT) for organisations to develop
game-changing and disruptive research in advanced materials and the
Internet of Things (IoT). The funding competition is under the
EUREKA network. Find...Request free
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In a bid to encourage international partnerships, £2
million is available through Innovate UK and the Korean
Institute for the Advancement of Technology (KIAT) for
organisations to develop game-changing and disruptive
research in advanced materials and the Internet of Things
(IoT).
The funding competition is under the EUREKA network.
International partnerships
The competition aims to encourage collaborative,
business-led research and development projects with a
clear direction towards a new product, industrial
process or service.
Projects must focus on one or both of the following:
- advanced materials for transport, prioritising
materials development
- the Internet of Things, with an identified industry
or vertical sector application
Proposals must demonstrate:
- a clear game-changing or disruptive innovation
- considerable benefit to the UK and South Korean
economies and/or national productivity
- definition of where intellectual property can be
used and shared between participants and countries
- a route to market within 2 to 3 years of project
completion
Business-led progress
Business must lead the project. Research and public
sector organisations and charities can be partners on
the project but cannot lead in the UK. They can share
up to 30% of total eligible UK project costs but are
not eligible to receive funding.
Partners must be separate legal and non-linked entities
to ensure that projects encourage genuine international
collaboration, rather than internal company research.
Guidance for South Korea will appear on
the KIAT
website.
- the competition opens on 18 March 2018 and the
deadline for registration is at midday on 5 June 2019
- businesses of any size are eligible to apply
- up to £350,000 including VAT is available
- projects must include one UK-based business and one
South Korean-based business
- an online briefing event will be held on 8 April
2019
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