Engineering Biology Investor Partnerships Round 1

Eligibility recorded

Your project Who can apply Your project For experimental development projects: your total grant funding request must be between £250,000 and £2 million the project duration must be 24 months Projects must always start on the first of the month, even if this is a non-working day. You must not start your project until your Grant Offer Letter has been approved by Innovate UK. Any delays within Project Setup may mean we need to delay your project start date. You must only include eligible project costs in your application. See our overview of eligible project costs . If your project’s total grant funding request or duration falls outside of our eligibility criteria, you must provide justification by email to support@iuk.ukri.org at least 10 working days before the competition closes. We will then decide whether to approve your request. If your project does not meet our criteria and you have not requested justification approval, your application will be made ineligible and it will not be sent for assessment. Your organisation This competition is open to single applicants only. To apply your organisation must: be a UK registered micro, small or medium sized business (SME) carry out its project work in the UK intend to exploit the results from or in the UK More information on the different types of organisation can be found in our Funding rules . Subcontractors Subcontractors are allowed in this competition. Subcontractors can be from anywhere in the UK and you must select them through your usual procurement process. You can use subcontractors from overseas but must make the case in your application as to why you cannot use subcontractors from the UK. You must provide a detailed rationale, evidence of the potential UK contractors you approached and the reasons why they were unable to work with you. We will not accept a cheaper cost as a sufficient reason to use an overseas subcontractor. All subcontractor costs must be justified and appropriate to the total eligible project costs Number of applications An SME can only submit one application into this round of the competition. Sanctions This competition will not fund you, or provide any financial benefit to any individual or entities directly or indirectly involved with you, which would expose Innovate UK or any direct or indirect beneficiary of funding from Innovate UK to UK Sanctions . For example, through any procurement, commercial, business development or supply chain activity with any entity as lead, partner or subcontractor related to these countries, administrations and terrorist groups . Use of animals in research and innovation Innovate UK expects and supports the provision and safeguarding of welfare standards for animals used in research and innovation, according to best practice and up to date guidance. Applicants must ensure that all of the proposed work within projects, both in the UK and internationally, will comply with the UKRI guidance on the use of animals in research and innovation . Any projects selected for funding which involve animals will be asked to provide additional information on welfare and ethical considerations, as well as compliance with any relevant legislation as part of the project start-up process. This information will be reviewed before an award is made. Previous applications You can use a previously submitted application to apply for this competition. If you have previously submitted an application that reached our assessment stage, you can re-apply once more with the same proposal. If there are minor differences to the proposal, but it is judged by us to be ‘not materially different’, the same rule applies. We will not award you funding if you have: failed to exploit a previously funded project an overdue independent accountant’s report failed to comply with award terms and conditions Innovate UK may withhold a grant payment at any time if you have any outstanding sums due to us in relation to other projects. Subsidy control (and State aid where applicable) This competition provides funding to enterprises using the Research, Development and Innovation Streamlined Subsidy Scheme. The Research, Development and Innovation Streamlined Scheme can be viewed on the subsidy database here: SC10780 . This is in line with the Subsidy Control Act 2022. Further information about the Subsidy requirements can be found within the Subsidy Control Act 2022 . Innovate UK is unable to award organisations that are considered to be in financial difficulty. We will conduct financial viability and eligibility tests to confirm this is not the case following the application stage. EU State aid rules now only apply in limited circumstances. See the Windsor Framework to check if these rules apply to your organisation. In the ‘Project details’ section of your application you will be asked questions to indicate if State Aid or Subsidy applies to your organisation. Further Information If you are unsure about your obligations under the Subsidy Control Act 2022 or the State aid rules, you should take independent legal advice. We are unable to advise on individual eligibility or legal obligations. You must not do anything which could cause a breach of Subsidy Control legislation applicable in the United Kingdom. This aims to regulate any advantage granted by a public sector body which threatens to, or distorts competition in the United Kingdom or any other country or countries. This award is classified as a Subsidy which does not form part of your Minimal Financial Assistance or de minimis allowance. Funding Up to £8 million has been allocated to fund innovation projects in this competition. This is subject to us receiving a sufficient number of high quality applications. Funding will be in the form of a grant. We reserve the right to adjust funding allocations for any of our competitions under exceptional circumstances, for example, in response to changes in policy, portfolio funding considerations, or broader government funding decisions. Under the Research, Development and Innovation Streamlined Route rules, no more than £3 million can be awarded in the form of a grant to any one enterprise in any one competition. If your organisation’s work on the project is commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically but for the purpose of this project will be undertaking commercial or economic activity. Only Experimental Development projects will be considered for this competition. Experimental development projects For experimental development projects Innovate UK will fund: up to 45% of eligible project costs for micro or small organisations up to 35% for medium sized organisations The aligned investment led by the investor partner must always be at least twice as much as the grant funding. Innovate UK may revoke our decision to provide funding without notice if government commitment for this initiative is withdrawn. Aligned private investment You must agree the private investment through a lead investor and reach heads of terms by 29 July 2027. The aligned private investment: must provide you with suitable capital at least twice the amount of the grant requested to complete your project, support company growth and scale ambitions can be directed for use in your company, whereas the grant is to support the project only can be used to fund additional costs typically ineligible for support by Innovate UK must be provided under commercial terms negotiated with the lead investor and not Innovate UK The investment can be in the form of either direct equity investment or a convertible loan. It must come from a lead investor from the pool of investors associated with this programme. The lead investor may decide to syndicate with other investors from within or outside of the pool.

Recorded geography: United Kingdom

Applicant types