Innovate UK, part of UK Research and Innovation, is investing up to £5 million in innovation projects to deliver feasibility studies around Artificial Intelligence (AI). Funding for this opportunity is subject to business case approval by the Department for Science Innovation and Technology (DSIT) and HM Treasury.
The funding will be to develop AI and Machine Learning (ML) driven solutions that address a business challenge or opportunity in target industry sectors:
- transport, including logistics and warehousing,
- creative industries, and
- agriculture and food processing.
The aim of this competition is to support innovative projects prompted by a challenge to business in an area of operations that can drive improvements in business productivity.
This competition supports the Government’s goals in the National AI Strategy in the transition to an AI-enabled economy through wider AI adoption across sectors.
Your proposal must:
- address a business challenge in construction, transport including logistics and warehousing, creative industries or agriculture and food processing; and
- demonstrate an increase in business productivity.
Your project’s grant funding request must be between £25,000 and £50,000.
Find out how we can help you with Innovate audits. Our independent experts have many years of experience and success in advising businesses across a wide range of sectors.
Or fill in the form below to receive your free copy of our UHY Research & Development Guide.
Get a FREE review of your R&D process and a copy of the UHY Research & Development Tax Relief Guide
Companies applying for R&D tax credits need to follow the rules carefully in order to maximise their tax relief. New changes to the R&D tax credit scheme come into force from 1st April 2023 aimed at reducing incorrect or fraudulent claims, improving compliance and encouraging UK innovation.
UHY Ross Brooke is delighted to offer a complimentary review of your research and development tax credit process with one of our R&D tax credit specialists. Please fill in the form below for your free review and Tax Relief Guide.