Next Wave: Breakthrough Wave 1

About

A funding competition offering up to £10 million for UK registered businesses to support early-stage innovations in the Createch sector, aimed at developing projects that align with the Industrial Strategy and de-risk future investments. Participants will engage in a competitive process to secure funding for their innovative ideas.

Benefits

• 💰Financial Support
  Up to £10 million available for successful applicants
• 📈Sector Growth
  Supports long-term growth in high potential industries
• 🎓Guidance Available
  Contact support for assistance with the application process
• 🌐Competitive Opportunity
  Engagement in a competitive funding process to enhance project visibility
• 🔍Innovation Development
  Funding aimed at de-risking future investments in innovative projects

Eligibility Criteria

• Open to UK registered businesses
• Projects must have total eligible costs between £100,000 and £500,000
• Must focus on high growth potential Createch and Industrial Strategy Frontier industries
• Applications must demonstrate innovation beyond proof of concept
• Prior conduct with Innovate UK may influence funding decisions

Participation Commitments

• Must submit a complete application by the deadline
• Must demonstrate project alignment with Createch and industrial strategy
• Engagement in a competitive selection process
• Prior conduct with Innovate UK may require disclosure

Target Region

Open to UK registered businesses

Target Sector

Focused on Createch and Industrial Strategy Frontier industries