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UK-South Korea Collaborative R&D

Fund Name

UK-South Korea Collaborative R&D

Project Length

24-36 months

Project Value

Up to £350k

Deadline

06.07.2022

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Innovate UK will invest up to £2 million in innovation projects in partnership with the Korea Institute for Advancement of Technology (KIAT). The aim of this competition is to fund collaborative research and development (CR&D) projects focused on industrial research. Your proposal must include at least one partner from the UK and one partner from South Korea.

Funded projects are expected to result in a new product, industrial process or service, be innovative, involve a technological risk, and have high market potential in the participating countries. Your project must focus on one or more of the following sectors:

  • advanced manufacturing and materials
  • artificial intelligence
  • clean energy; specifically battery technologies, hydrogen mobility technologies, and future vehicles

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Fund Details

Your project 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 which will always be a consideration in Innovate UK funding decisions
  • a 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 countries working together and how this adds value
  • a clear definition of where intellectual property (IP) can be used and shared between the participants and countries
  • a clear route to market within 2 to 3 years of project completion

Eligibility

Projects will NOT be funded that:

  • work on non-civilian applications
  • are not in scope
  • do not meet Innovate UK’s eligibility criteria
  • do not submit all mandatory documentation
  • are dependent on export performance
  • are dependent on domestic inputs usage

To lead a project your organisation must:

  • be a UK registered business of any size
  • be or involve at least one grant claiming UK registered micro, small or medium-sized enterprise (SME)
  • collaborate with a South Korea registered business, which must be a separate non-linked entity to the UK project partners

Academic institutions cannot lead a project. UK project partners must carry out the majority of their project work in the UK and intend to exploit the results from or in the UK. The consortium must include at least one business registered in South Korea that is a separate, non-linked entity. All businesses in a consortium must be separate legal and non-linked entities. This is to ensure that projects encourage genuine international collaboration.

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

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