Innovate UK (IUK) has launched a new competition to help businesses overcome barriers to the best cutting edge, game changing innovations and/or disruptive ideas or concepts becoming commercially successful. This includes those making a considerable economic impact and/or resulting in significant, sustainable business growth, in line with the government’s Industrial Strategy.

Projects should aim to lead to the commercialisation of new products, processes or services (or novel use of existing ones) believed to be significantly ahead of anything similar available in the field, and those that will have an economic impact. Priority will be given to those proposals most likely to lead to sustainable productivity gains or access to new overseas markets through export-led business growth.

The competition is open to both small and medium-sized enterprises and large companies based in and carrying out a project in the UK. Proposals can come from any technology (including arts, design, media or creative industries) and any part of the economy.

Competition closes at midday Wednesday 9 May 2018.