Dates:
Competition closes: 19 July 2023, 11am
Applicants notified: 20 December 2023
Project start date & duration: start by 1st March 2024, last between 24 & 36 months
Scope
This competition has an open 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 2 to 3 years of project completion
Specific Themes
Applications are particularly welcomed from the following sectors: smart technology e.g., next generation communication and semiconductor technology; green energy technologies e.g., electric vehicles, hydrogen transportation, renewable energy; smart manufacturing; biotechnology eg., medical materials; service innovation e.g., the Internet of Things, Big Data, AI, 5G and 6G
Projects that will not be funded
Work on non-civilian applications; projects that do not have an eligible Taiwan partner; projects dependent on export performance or domestic inputs usage.
Eligibility
- Must be a collaborative project led by a UK-registered business, include at least one UK-registered SME and partner with a Taiwan registered business that is a separate non-linked entity to UK project partners. 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.
- UK project partners must carry out majority of their project work out in the UK and intend to exploit results from/in the UK.
- Subcontractors must be UK based, limited to no more than 20% of total UK eligible project costs, sub-contractor costs must be justified and appropriate to the total costs.
- Subsidy Control and EC State Aid funding rules apply.
Funding Rates
- Total eligible project costs up to £750,000 (£2M pot).
- Industrial Research: 24-36 months duration
For Industrial Research you could get funding for your eligible project costs of:
- up to 70% if you are a micro or small organisation
- up to 60% if you are a medium-sized organisation
- up to 50% if you are a large organisation
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.
For further information or to discuss a project idea please contact PNO Consultants
0161 488 3488 | info.uk@pnoconsultants.com
