Innovate UK Transformative Technologies Funding for SMEs and Micro businesses

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Innovate UK is offering up to £20 million in grants to small and micro businesses in the UK that have ambitious, innovative ideas that could transform the future of our society and economy

The competition is open specifically to businesses that have never before been funded by Innovate UK, and that have ambitious, innovative ideas within one of the six challenge themes:

  • semiconductors
  • future telecoms
  • artificial intelligence
  • engineering biology
  • quantum
  • sustainable manufacturing

As well as grants, successful applicants will be offered tailored business support delivered by Innovate UK EDGE.


To be eligible, your innovation must lead to new products, processes or services that are significantly ahead of others currently available, or propose an innovative use of existing products, processes or services. It can also involve a new or innovative business model.

If your business has been funded by Innovate UK previously, you will not be eligible to apply for this competition.


Find out more about Innovate UK Transformative Technologies competition.

The deadline for applications is 11am on Wednesday 29 March 2023.

For more information on this opportunity, you can watch the pre-recorded applicant briefing.