Technology Readiness Level was originally created by NASA to assess whether their emerging technology was suitable for space exploration. Nowadays this approach is used over a variety of different industries to understand the maturity of a technology and assess whether it’s ready for use in the “real world”.
“The way we create our buildings has not changed substantially in 40 years and needs a drastic overhaul if it is to deliver the buildings that the UK needs. Construction is currently expensive, and too many buildings waste energy. We need to transform construction so that we can create affordable places to live and work that are, safer, healthier and use less energy. By taking a lead in the UK, we can also increase our ability to export: global demand for efficient buildings is rising rapidly, due to the pressures of urbanisation, affordability, and the need to cut emissions.” (Innovate UK)
As one of Granted’s successful clients, New Wave Marine secured funding from Plymouth and the South West Peninsula City Deal which provided them with £60,550 of grant funding to expand their local business to offer services in the export market.
“Services account for almost 80 percent of the UK economy. As technologies like artificial intelligence and data analytics become ubiquitous, we need to ensure the UK service sectors are primed. Pioneer funding will help service industries to identify how the application of these technologies can transform their operations. This will help to put UK service industries at the forefront of developing and using innovation.” (Innovate UK)
The Granted Team have been working with a range of exceptional clients since the beginning of 2018 and have managed to successfully secure £1M of grant funding this June alone. Covering multiple sectors, we’ve helped companies at the forefront of innovation through the process of achieving a successful grant application, including funding for Health & Life Sciences (Innovate UK), Emerging & Enabling Technologies (Innovate UK) and RDPE (Rural Development Programme for England).
Blockchain has entered the mainstream and is no longer a ‘buzzword’. Blockchain and other types of Distributed Ledger Technology (DLT) has developed from essentially being associated with Bitcoin to a much broader range of application by offering a trust layer to the world-wide-web that has been impossible to date.
After a very busy Qtr 1, we’ve had some impressive results from our recent grant funding applications. We’ve helped secure funding for a number of companies in different sectors including £650K for a client in the battery technology sector and £330K for a property tech company.
On 21st May, Theresa May delivered a speech on Science and Industrial Strategy that gave the clearest indication yet of how the UK’s involvement in EU grant funding might emerge post-Brexit.
The Government will use the Driverless Vehicles Grant Funding to invest in collaborative research and development projects to develop the next generation of A.I. and control systems needed to ensure the UK is at the forefront of the driverless vehicles revolution. (Innovate UK)
Throughout May, Granted Consultancy are teaming up with Innovate UK’s Knowledge Transfer Network to help deliver a series of grant workshops.
The Grant Application Workshops will take place at Durham University, Oxford University and Herriot-Watt in Edinburgh and are aimed at Owners and Directors of ambitious businesses with an innovative idea or product.
The Grant Report 2018 has been authored by Granted Consultancy to provide the most comprehensive commentary on R&D funding in the UK and brings insight and clarity to the current and future grant funding landscape. This analysis has also allowed us to discover and report the characteristics of a successful grant applicant.
For businesses looking to raise investment, an alternative to grant funding is Innovate UK’s loan competition, aimed at SME’s carrying out later stage R&D projects. Especially since the loan terms on offer are extremely advantageous (particularly the well below-market rate of interest) meaning that the value of this benefit over the life of the loan could be the equivalent of a grant.
Amongst the many concerns raised by the Brexit vote, a key question for a number of our clients has been “How will Brexit affect our ability to apply for and secure European Grant Funding?” On 28th February, we received some clarity on what Brexit would mean for European funding, in particular the H2020 programme, with the publication of the” Joint Report” by The European Commission which sets out how the Brexit deal agreement might look.
Our continuing business expansion has enabled us to recruit three new members of staff in early 2018, two grant funding consultants and a Team Support.
James Griffiths and Katie Orchel have recently joined the Granted team as Grant Funding Consultants.
James has a Masters Degree in Physics. His career background spans accounts, investments and finance and includes time spent in investment working as a Portfolio Analyst for a Private Asset Management company.