Innovation funding

Innovation is the process of turning ideas into new products, processes or services.  Innovation is a collaborative process, in which partners from industry or the public sector work together with the research base to tackle R&D challenges.

For academics, engaging in innovation activity can be a great way to develop and strengthen links with external partners. It also provides the opportunity for academics to scale up and demonstrate their research in real-world settings, and to experience first-hand the direct impacts from their research.

Innovation activities can directly contribute to the University’s REF performance and will become even more significant for institutional benchmarking in the new Knowledge Exchange Framework (KEF).

A wide range of funding options are available to academics with an interest in innovation. These include translational funds to support academics to engage with external partners to explore the potential applications of their research.

Knowledge Transfer Partnerships can be a great way for academics to develop long-term relationships with innovative businesses by embedding research expertise into companies.

For academics with established industry links, larger-scale innovation funding available through Innovate UK and the Industrial Strategy Challenge Fund provides opportunities to establish collaborative networks and to speed up the adoption of new technologies for the benefit of businesses, government organisations and the public.

Innovation Development team

The Innovation Development team supports academics to engage in innovation activity, ranging from initial research translation projects through to larger-scale, multiple-partner collaborations.

We are a group of highly experienced individuals with backgrounds in industry, research and innovation funding.

Our team includes industry-facing Research & Innovation Development Managers (RIDMs) who work with academics at all career stages to raise awareness of available innovation funding and to maximise the opportunities for innovation arising from their research.

We also provide dedicated, specialist support for the following innovation funding schemes:

  • EPSRC Impact Acceleration Account (EPSRC IAA)
  • STFC Impact Acceleration Account (STFC IAA)
  • Wellcome Trust Translational Partnership Award (TPA)
  • Knowledge Transfer Partnerships (KTP)

In addition, we provide intelligence, advice and support for academics wishing to apply for Innovate UK grants or for Industrial Strategy Challenge Fund projects.

For further information about innovation funding, please contact us.