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Feasibility studies for AI solutions

Fund Name

Feasibility studies for AI solutions: Series 2

Project Length

4-6 months

Project Value

£25k - £50k

Deadline

08.05.2024

Innovate UK, part of UK Research and Innovation, will invest up to £5 million in innovation projects. Your total project costs will be 100% funded.

This competition aims to develop Artificial Intelligence (AI) and Machine Learning (ML) driven solutions that address a business challenge or opportunity in internal business operations with an impact on business productivity.

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Fund details

Your project must:

  • develop responsible and trustworthy Artificial Intelligence (AI) driven solutions
  • demonstrate an increase in business productivity
  • be led by an SME facing a challenge or opportunity to be addressed in collaboration with another SME or an academic institution

Your project must address a business challenge in one of the following sectors:

  • Creative
  • Construction
  • Agriculture and food processing
  • Transportation (including Logistics and Warehousing)

Specific themes

Your project can focus on one or more of the following:

  • data-driven decision making
  • automation of administrative tasks
  • project management optimization
  • supply chain optimisation and forecast models
  • waste management
  • intellectual property (IP) management
  • design

Eligibility

To lead a project your organisation must:

  • be a UK-registered micro, small or medium-sized enterprise (SME)
  • collaborate with one other UK SME or academic institution

Grant funding in this competition is awarded as Minimal Financial assistance (MFA). This allows public bodies to award up to £315,000 to an enterprise in a 3-year rolling financial period.

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