The competition aims to stimulate this hotspot of ‘Internet of Things’ industries by enabling companies to go further or faster towards commercial success. Join us at this exclusive launch event in Cambridge to find out about the competition and how you can apply for the chance to secure up to 60% of eligible costs for your industrial research project. Speakers from TSB will be there to explain about the application process.
This competition will support innovative research projects centred on both Cambridge (equipment and communications) and London (software and services) SME clusters and aims to stimulate this hotspot of ‘Internet of Things’ industries by enabling companies to go further or faster towards commercial success. We want to draw investment and people into the area, and to encourage networking and collaboration to strengthen the cluster. We are looking for projects that may be too risky for companies to take forward without any support, or take into new innovative areas, and where the majority of the project activities are carried out in Cambridge or London.
Please note there is a London Launch event on 21st July. See here for the agenda and to register: http://iotlaunchpad.eventbrite.co.uk
Funding is available for to 60% of eligible costs for industrial research projects, with individual grants of up to £150k and estimated project sizes ranging between £50k and £250k. We will consider applications for projects larger than £250k, but grant funding will be capped at £150k. Projects can last up to 12 months and should be led by micro, small or medium-sized companies that we anticipate are likely to be in the early stages of their development.
An integral part of Launchpad is the offer of support to help applicants to raise additional new external finance that we expect will be needed to fully fund the project and its subsequent commercialisation. In addition to receiving project funding, successful applicants will participate in a programme of business support and growth activities that will run in parallel to projects. The competition opens for applications on 16th June 2014. The deadline for video submissions is at noon on 3rd September 2014. For more information, please visit the TSB website www.innovateuk.org/iot-launchpad
For the Competition Guidance for Applicants document please click here
JOIN us at this exclusive launch event in Cambridge to find out more about the competition and how you can apply for the chance to secure 60% grant funding for your industrial research project as well as network with industry specialists. We will be joined by:
- Matt Sansam, Lead Technologist, Technology Strategy Board
- Andrew Tyrer, Digital Lead Specialist, Technology Strategy Board
- Janette Pallas, Head of Consultancy Services, St John's Innovation Centre
- Angus Thomson, Senior Electronic Engineer, Roli
For more information and to download the Summary document click here
For more information about the London Launch event on 21 July please visit www.techcityuk.com/iot_Launchpad
