Call description
Innovate UK and the Korea Institute for the Advancement of Technology (KIAT) are announcing a £2 million joint funding call for research and development (R&D) projects under the EUREKA programme. This will support collaborative, business led research and development (R&D) projects, which should result in a new product, industrial process or service. Projects must be innovative and involve a technological risk.
Proposals must focus on one or both of the following technology areas:
* For Internet of Things, we would particularly welcome projects using emerging technologies, such as artificial intelligence or blockchain.
Projects must be coordinated by a lead partner from the UK and a lead partner from South Korea.
Key dates
Eligibility criteria
Project applicants will be invited to present proposals according to the following criteria:
Submission and approval procedures
There are 3 stages to the submission and assessment process.
Stage 1
One of the lead applicants must download and complete the EUREKA project application form on behalf of the entire consortium. Template available at http://www.eurekanetwork.org/download-project-application-form. Each lead applicant must submit it to their respective funding agency.
UK applicants must submit the form by midday 12pm UK time on the deadline to Innovate UK through our secure FTP site, along with the supporting documentation listed in the guidance for applicants. South Korea lead applicants must submit by 6pm local time to KIAT(https://www.k-pass.kr)
Competition managers from Innovate UK and KIAT check applications are eligible and in scope.
Stage 2
Applications are assessed by up to 5 external assessors who are experts in the innovation area identified in your application. They will also be assessed by independent assessors in South Korea.
Stage 3
A joint UK and South Korea consensus panel made up of Innovate UK and KIAT evaluators agree which projects to fund based on the assessors’ scores. The EUREKA Network decides which of the successful projects are put forward for a EUREKA label.
KIAT and Innovate UK jointly make the final decision on which projects to fund.
The lead applicant is notified of the funding decision. All assessed applications receive assessor feedback.
Funding details
Each country will fund its eligible participants according to their national procedure and funding rules. Funding conditions and eligibility criteria may vary from one country to another. The main aspects of funding criteria are explained below:
The UK
Innovate UK have allocated up to £1million to fund UK companies innovation projects in this competition. UK companies could get funding for your eligible project costs of :
Total UK grant available is up to £350k per project. This competition provides state aid funding under the General Block Exemption Regulation.
South Korea
Project funding is comprised of government contributions and civilian dues (cash and in-kind). The amount of government contributions will vary depending on the type of executing organizations and project in accordance with Article 24 (Funding criteria) and Article 25 (Civilian dues) of the Common Operational Regulations for the Industrial Technology Innovation Programs. (see: www.k-pass.kr).
A party that participates in a project shall carry out its project using the government contributions allocated to it, and for-profit organizations shall individual bear the cash portion of civilian dues.
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