Open Funding Opportunities for Businesses

London West Innovation Network is excited to share some open funding opportunities available for businesses out there.

Net Zero living digital accelerator round one

Closing Date: 7th June 11 am

The aim of this competition is to support ambitious, early stage digital focussed businesses in developing and delivering net zero in relation to challenges based on place. This must be done through data driven digital applications and by collaborating with potential customers and product users.

By accelerating their journey, the aim is to create high growth businesses that will drive forwards digitalisation across the UK and globally in Net Zero sectors, creating jobs, growing a customer base and delivering customer value.

Your proposal must focus on two or more net zero challenges across:

  • power
  • heat
  • mobility
  • product manufacture and usage

Total Fund: £1,500,000 – Your project’s total grant funding request must be between £150,000 and £300,000. Apply here.

Advancing precision medicine: round two

Closing Date: 28th June 11am

Innovate UK, part of UK Research and Innovation, will invest up to £20 million, over two rounds of this competition, in industry-led collaborative R&D innovation projects. Up to £10 million has been allocated to this round of the competition.

The competition will fund projects aiming to develop digital and data-enabled tools as well as multi-modal approaches for more accurate diagnosis and treatment stratification.

The aim of this competition is to award innovation projects that focus on novel digital and data-enabled tools to:

  • more accurately diagnose conditions and stratify patients to the most appropriate treatments
  • increase the application of integrated and multi-modal approaches to determine risk and diagnosis and to predict prognostic outcomes

Your proposal must demonstrate how it addresses an unmet clinical need or responds to NHS demand signalling. Apply here.

Round 2: a focus on oncology, musculoskeletal and cardiovascular disease, and other chronic conditions

Total Fund: £20m – Your project’s total costs must be between £500,000 and £1 million.

Innovation loans future economy competition: round nine

Closing Date: 7th July, 11 am.

Innovate UK is offering up to £25 million in loans to micro, small and medium sized enterprises (SMEs). Loans are for highly innovative late stage research and development (R&D) projects with the best potential for the future. There should be a clear route to commercialisation and economic impact.

Your project must lead to innovative new products, processes or services that are significantly ahead of others currently available, or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model.

Your project must focus on one or more of the future economy areas included in the Innovate UK plan for action.

You must be able to show that you:

  • need public funding
  • can cover interest payments
  • will be able to repay the loan on time

Total Fund: £25,000,000 – Loans can be between £100,000 and £2 million. Apply here.

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