Innovate UK, GB: Innovate UK Unlocking Potential Award

20/07/2023

06/09/2023

The Innovate UK Unlocking Potential Award is a two strand pilot competition that aims to empower today’s untapped innovators and businesses to increase investment in diverse talent across the UK. It aims to level the playing field and unlock potential for innovation by supporting and funding innovators from groups that are currently underrepresented or overlooked in innovation. The competition focuses on attracting innovators with different backgrounds and experiences. We are looking for a diverse group of innovators that with our help, can turn their great ideas into successful businesses. The competitions will be open to a range of innovators, from those who are just beginning their career, to those who are expanding their businesses. This competition is split into 2 strands: Innovate UK Unlocking Potential Award 2023: Begin - awards will include a grant amount of £5,000, a living allowance and tailored business support Innovate UK Unlocking Potential Award 2023: Build - awards will include a grant amount of £50,000 and tailored business support.

Any

Applicant type Commercial or Private Sector; Individuals: Early Career and Emerging in Field; Individuals: Mid-Career to Established in Field Eligibility Note Innovate UK Unlocking Potential Award 2023: Begin - To be eligible for this award you must: identify with a community that is currently considered by Innovate UK as underrepresented in the innovation ecosystem be a founder, co-founder or senior decision maker within a UK registered micro, small or medium business (SME) which has been active for at least 12 months by the competition closing date be a UK resident, carry out all project work in the UK, and exploit the results from or in the UK.