Dates:
- Competition closes: 17 July 2024, 11am
- Applicants notified: 01 October 2024
- Project start date & duration: Start by 1 January 2025, last between 24 and 36 months
Scope
Projects must demonstrate:
- a clear game changing or disruptive innovative idea leading to new products, processes or services.
- a strong and deliverable business plan that addresses and documents market potential and needs.
- sound, practical financial plans and timelines; good value for money.
- Clear, evidence based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion.
- clear, considerable potential to significantly benefit the UK economy or national productivity.
- the benefits of participants from the UK and Taiwan working together and how this adds value.
- a clear definition of where intellectual property (IP) can be used and shared between the participants.
- a clear route to market within two to three years of project completion.
Specific Themes
Applications particularly welcomed from the following sectors: smart technology e.g., next generation communication, semiconductor/space technology; green energy technologies e.g., electric vehicles, hydrogen transportation, renewable energy, future grids, carbon capture storage/utilisation; smart manufacturing; biotechnology, e.g., medical materials/devices; service innovation, e.g., Internet of Things, Big Data, AI, 5G, 6G.
Projects that will not be funded
Project that work on military applications, projects that do not have an eligible Taiwan partner.
Eligibility
- Must be collaborative projects led by an eligible UK or Taiwan organisation. Lead applicant on Innovation Funding Service must be a UK registered business, of any size, and partner with a Taiwan registered business of any size. All businesses in a consortium must be separate, non-linked entities.
- Have a balanced contribution of total eligible project costs among UK and Taiwan partners. No more than 70% can be claimed by a single partner/all partners from either UK or Taiwan.
- UK project partners must carry out the majority of their project work in the UK and intend to exploit the results from/in the UK.
- Subcontractors must be UK based, and are limited to no more than 20% of total eligible costs of the UK participation, with costs justified and appropriate to the total costs.
- Subsidy Control and EC State Aid funding rules apply
Funding Rates
- Total eligible project costs between £25,000 and £50,000 (£5M pot), 4-6 months duration
| Organisation size | Industrial Research (TRL3-5) |
|---|---|
| Micro/small business | <70% |
| Medium sized business | <60% |
| Large business | <50% |
Research organisations in your consortium can share up to 30% of the UK total eligible project costs.
How PNO can support you
The UK team has a strong track record in securing some of the most competitive national and European grants on behalf of its clients, with a full understanding of how a project should be presented to stand the highest chance of success. Each year in the UK alone, we are responsible for the submission of more than 100 funding applications across all sectors and priority areas. Based on this extensive experience, through careful project selection and using key insight into how a project should be best positioned, we consistently achieve success rates that are more than 5 times the typical success rates for UK national schemes and EU programmes.
