United Kingdom Develop Tender

Businesses can apply for a share of 2 million to develop innovative projects in collaboration with South Korean businesses.In a bid to encourage international partnerships 2 million is available through Innovate UK and the Korean Institute for the Advancement of Technology KIAT for organisations to develop game-changing and disruptive research in advanced materials and the Internet of Things IoT.International partnershipsThe competition aims to encourage collaborative business-led research and development projects with a clear direction towards a new product industrial process or service.Projects must focus on one or both of the followingadvanced materials for transport prioritising materials developmentthe Internet of Things with an identified industry or vertical sector applicationProposals must demonstratea clear game-changing or disruptive innovationconsiderable benefit to the UK and South Korean economies andor national productivitydefinition of where intellectual property can be used and shared between participants and countriesa route to market within 2 to 3 years of project completionBusiness-led progressBusiness must lead the project. Research and public sector organisations and charities can be partners on the project but cannot lead in the UK. They can share up to 30 of total eligible UK project costs but are not eligible to receive funding.Partners must be separate legal and non-linked entities to ensure that projects encourage genuine international collaboration rather than internal company research.Guidance for South Korea will appear on the KIAT website.Competition informationthe competition opens on 18 March 2018 and the deadline for registration is at midday on 5 June 2019businesses of any size are eligible to applyup to 350000 including VAT is availableprojects must include one UK-based business and one South Korean-based businessan online briefing event will be held on 8 April 2019