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Innovation in Professional and Financial Services – collaboration

Fund Name

Innovation in Professional and Financial Services – collaboration

Project Length

6-18 months

Project Value

£50k-£500k

Deadline

09.11.2022

The aim of this competition is to advance the Professional and Financial Services sectors by supporting them in the creation and adoption of new digitally supported services.

Check Your Eligibility

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.

Contact us