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£25m in funding available for emerging tech businesses

The government’s innovation agency, Innovate UK is calling for UK businesses to apply for a share of its latest funding scheme.

The emerging technologies and industries strategy aims to provide investment to help businesses explore early-stage technologies in their individual industries.

The new strategy aims to increase commercial potential, enhance productivity and boost efficiency through technology to have ripple effect across the UK economy as a whole.

To be considered for funding, projects must show significant innovation in a priority area such as emerging technologies, digital, enabling capabilities and space applications.

Projects will range in size from £35k to £2m and are to last from 3 months to 3 years.

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