15/08/2016

Funding Competition Launched For Businesses To Develop International Strategy

A new £1.2 million international cooperation feasibility studies competition has been announced by Innovate UK.

Businesses across the UK aiming to create international business networks have been invited to apply for funding of up to £30,000 with Innovate UK. The funding is to enable commercial research and innovation partnerships.

The competition is open to small and medium enterprises (SMEs), with Innovate UK supporting the costs for their involvement in activities such as:

• meetings with partners in the UK or other countries
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• travel and subsistence, including travelling abroad to meet partners, attend brokerage or exhibition events and gain a better understanding of market opportunities and user/customer needs

• due diligence work on partners and markets

• staff time for proof of market or concept work

• sub-contracting services (limited to up to 10 per cent of costs)

The competition is open now and interested businesses should register their interest before noon on 21 September, 2016, with the competition closing on 28 September.

Full competition information is available here.

(MH/CD)

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