We have previously looked at a variety of innovations which could replace plastic packaging and prevent plastic from ending up in the ocean. There is no doubt that innovation is key to solving the plastic problem; however, innovators are faced with an additional challenge when researching and developing an idea. This is because it must be taken into consideration that the benefits of innovations will only be realised if they are readily adopted by the wider public. To stimulate innovation which fits with people’s existing behaviour patterns, or is consciously designed to encourage and facilitate changes in behaviour, Innovate UK has recently opened a new funding competition entitled “Designing sustainable plastic solutions”.
Insights: UK Research and Innovation
Innovation isn’t cheap. From research and development of an initial idea, through to IP protection and manufacturing, costs can quickly escalate and put an innovative business in a difficult financial situation. This article explores some of the funding opportunities and financial assistance available for companies that are registered in the UK.
Innovate UK’s new funding competition offers grants of up to £50,000 to companies carrying out projects that aim to tackle societal or industry needs in the wake of the Covid-19 pandemic. The competition closes on 17 April 2020.