There are a range of initiatives available to financially support businesses to work with the University of Dundee.
The team at RIS can help you identify the best scheme for your needs and help prepare a successful application to drive your project forward.
Are you a researcher at the University of Dundee? Take a look at our Funding for Research page.
Industrial Strategy Opportunities
The Government’s Industrial Strategy White Paper (Nov 2017), sets out a long term plan to boost the productivity and earning power of people throughout the UK. Central to this strategy is Government’s commitment to increase R&D funding to 2.4% of GDP by 2027.
Underpinning the Industrial Strategy are the four Grand Challenges focused on the global trends that will shape the UK's future:
- Artificial Intelligence and Data
- Ageing Society
- Clean Growth
- Future of Mobility
These Grand Challenges are supported by investment from the Industrial Strategy Challenge Fund and Innovate UK.
Innovate UK is part of UKRI (UK Research & Innovation) and is tasked with driving forward the innovation needs of UK industry in key priority areas based on thematic and open funding calls. The available funding in this area is £4.7bn until 2021 with the objective to make the UK the most innovative country in the world.
They achieve this in various ways, including the Catapult network and industrial loans to companies, but predominantly by funding research collaborations.
Innovate UK funding competitions are focussed on four core sectors and include the Grand Challenges which can be appropriate to more than one sector:
- Emerging and Enabling Technologies
- Infrastructure Systems
- Health and Life Sciences
- Manufacturing and Materials
Innovate UK announce a range of funding calls, which include Priority Areas as well as non-themed "always open" competitions and H2020 calls. These then shape the Industrial Strategy Challenge Fund (ISCF) calls.
- You can use this tool on the gov.uk website to search and apply for innovation funding
Industrial Strategy Challenge Fund (ISCF)
The Industrial Strategy Challenge Fund aims to bring together the UK’s world leading research with business to meet the major industrial and societal challenges of our time and deliver the Grand Challenges. It was designed to ensure that research and innovation takes centre stage in the Government’s Industrial Strategy, challenge areas include:
- Early diagnosis & precision medicine
- Healthy ageing
- Energy revolution
- Transforming construction
- Transforming food production
- Next generation services
- Audiences of the future (pioneer)
- Quantum technology (pioneer)
- Robotics & AI
- Healthcare & Medicine
- Faraday Battery Challenge
- Driverless vehicles
- Manufacturing & materials of the future
- Satellites & space technology
ISCF is provided by Innovate UK and Department for Business, Energy & Industrial Strategy. Competition calls are announced periodically.
Knowledge Transfer Partnerships
The Knowledge Transfer Partnerships (KTP) scheme helps businesses to innovate and grow. It does this by linking them with a university and a graduate to work on a specific project.
Each KTP is a three-way partnership between a business, an academic institution and a graduate. The academic institution employs the recently-qualified graduate who works at the company. The graduate, known as the ‘associate’, brings new skills and knowledge to the business.
A KTP can last between 12 and 36 months depending on the project and the needs of the business. It is part-funded by a grant. The amount businesses need to contribute is different for SMEs and larger companies.
An additional £30 million has been allocated to KTPs for 2018/19.
To find out more, contact our Consultancy Manager or read more on www.gov.uk 'Knowledge Transfer Partnerships: what they are and how to apply'
Other Opportunities for Industry
Horizon 2020 (H2020)
Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020).
Via the SME Instrument, SMEs can get EU funding and support for innovation projects that will help them grow and expand their activities into other countries in Europe and beyond:
Innovative training networks bring together universities, research centres and companies from different countries worldwide to train a new generation of researchers. For example, with the European Industrial Doctorate the researcher spends at least 50% of their time with a non-academic partner, developing skills inside and outside academia that respond to public and private sector needs:
Find more EU Research and Innovation opportunities on the ec.europa.eu website.
Scottish Enterprise (SE) R&D Grants
The SE R&D Grant supports businesses developing new products, processes and services to improve company competitiveness. Projects typically last 6 to 36 months, and the grant can cover up to 35% of the project costs.
Scottish Funding Council (SFC) Innovation Vouchers
The SFC Innovation Vouchers scheme aims to build relationships between SMEs and academic experts in Scotland. The aim of the scheme is to fund projects which drive innovation, leading to new products, services and processes that will benefit the business, the institution and the Scottish economy.
+44 (0)1382 384664