A competition with a £1m investment prize is seeking companies engaged in motorsport and high performance engineering.
The Technology Strategy Board will invest up to £1m in innovative research & development (R&D) projects. The finance is also available to companies engaged in commercial activities related to the ‘Motorsport Valley’ – a business cluster, of which Buckinghamshire is a part.
The competition should prove very attractive to this niche sector. It should help increase new business and opportunities for commercial success by drawing investment and people into the valley.
Up to 60% of project costs in industrial research projects are eligible for funding, with expected projects costs of between £50k-£200k.
You enter the competition via a video proposal where you describe your idea in a two-minute video. Video proposals can be uploaded from Monday 24 June 2013, with a deadline of 12:00pm Wednesday 31 July 2013.
For a detailed guide to the competition, please read the attached document
If you have any questions please contact the Competitions Team at [email protected] or phone the Competitions Helpline on 0300 321 4357, or for further information visit http://www.innovateuk.org/.
