Innovation in Professional and Financial Services – collaboration

Fund Details

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

• legal services
• accountancy and audit
• insurance
• open finance innovation
• financial planning and support for consumers and SME’s
• financial regulatory compliance and financial crime prevention (such as fraud and anti money laundering)
• payments and transactions

Your project must include the following:

• clear consideration of user experience and design
• consideration of broader, non-technical aspects including ethics, privacy, transparency and regulatory requirements
• consideration of barriers to adoption within these sectors and approaches to address them
• quantify how the solution will be exploited

Specific Themes

We are particularly encouraging applications that:

• are for projects that increase access of the services to underserved or excluded communities, individuals, and businesses
• cover more than one sector in scope
• address broad sector wide needs
• involve collaborations with non-grant funded professional and financial service providers
• are multidisciplinary and include social science as well as science and engineering

Eligibility

Your project must:

• have a total grant funding request between £50,000 and £500,000
• start by 1 April 2023
• last between 6 and 18 months
• carry out all of its project work in the UK
• intend to exploit the results from or in the UK

To lead a project your organisation must:

• be a UK registered business of any size
• collaborate with other eligible UK registered organisations
• if you are a large organisation, include at least one grant claiming micro, small or medium-sized enterprise (SME)

Academic institutions and research and technology organisations (RTO) cannot lead.

Talk to us today if you would like to apply for this opportunity.