On July 20th, 2020, Innovate UK opened a first phase of the Industrial Energy Transformation Fund (IETF), designed to help businesses with high energy use to cut their energy bills and carbon emissions through investing in energy efficiency and low-carbon technologies. The IETF is managed by the Department for Business, Energy and Industrial Strategy (BEIS), which is a joint sponsor. This first phase consists of a funding competition offering a total share of up to £30 million, divided into two competition strands and open to any business registered, and planning to carry out the project work, in England, Wales or Northern Ireland. The project submission deadline for both strands is on October 28th, 2020. A second phase will launch in 2021 with up to £269 million of funding.
In the wake of the Covid-19 pandemic, we have seen a large amount of government backed funding made available in the UK to promote UK based innovation. In particular, various schemes, competitions, grants and loans have been announced with the aim of helping UK SMEs involved in technology and R&D grow as the Covid-19 disruption dies down. We have reported on a number of these recently. An area that is important for achieving this aim, but is perhaps at risk of being overlooked during this period of widespread disruption and uncertainty, is intellectual property.
Ahead of the ‘Funding for Deep Technology’ Fair on November 8th, Paul Loustalan talks about the importance of IP protection in Deep Tech.