Innovate UK announces £4.5 million Additive Manufacturing competition
May 17, 2016
Innovate UK is investing up to £4.5 million in collaborative industrial research projects in an attempt to stimulate innovation in Additive Manufacturing across the UK. It is stated that the aim of the competition is to help companies overcome barriers to business growth in Additive Manufacturing, whilst also encouraging companies to explore and develop wider digital manufacturing capabilities and help secure a more productive and competitive business proposition.
Open to UK companies, the projects must range in size from total costs of £500,000 to £1.5 million and businesses could receive up to 70% of their project costs for industrial research. A business must lead this project and must be collaborative. Innovate UK expects projects to last between one and three years.
Innovate UK estimates that the UK can win around 5% of the global market for AM products and services which is forecast to reach £70 billion by 2025.
The competition is one of Innovate UK’s new simplified competitions focused on the four key sectors of manufacturing and materials, emerging and enabling technologies, health and life sciences, and infrastructure systems. Applicants must register before noon on 20 July 2016.
