Government pledges £20m funding for tech innovation to ‘build UK resilience’
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The UK government has announced a £20m funding competition for innovative technologies that can help boost the country’s resilience in the wake of COVID-19.
The funding competition announced by the UK Department for Business, Energy & Industrial Strategy (BEIS) and Innovate UK will see grants of up to £50,000 available to technology and research-focussed firms looking to address the societal and industry challenges caused by Covid 19 disruption.
The grants will be available for businesses offering solutions to current challenges faced, developing new ways of working and building resilience in industries such as delivery services, food manufacturing, home learning, communications, retail and transport.
Innovative ideas submitted by businesses can be offered in a range of sectors such as new technology allowing retailers to respond to spikes of consumer demand and deliveries, services for families to connect with and remotely monitor elderly or vulnerable relatives, and creating education tools which enable home learning.
The competition is open now and closes at midday on Friday 17 April 2020. Projects deemed to have strong potential could attract follow-on funding.
All projects will commence by June 2020 and will last up to six months. The winning products and services are targeted to be available to the public towards the end of 2020.
Find out more about the competition here or submit your application here.
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