Feasibility studies for AI solutions: Series 2

Feasibility studies for AI solutions: Series 2

UK registered businesses can apply for a share of up to £5 million in grant funding to deliver feasibility studies. These studies will be to develop innovative solutions using Artificial Intelligence (AI) to address business challenges and opportunities.

  • Competition opens: Wednesday 27 March 2024
  • Competition closes: Wednesday 8 May 2024 12:00pm

Description

Innovate UK, part of UK Research and Innovation, will invest up to £5 million in innovation projects.

The aim of this competition is to develop Artificial Intelligence (AI) and Machine Learning (ML) driven solutions that address a business challenge or opportunity in internal business operations with an impact on business productivity.

Solutions must increase business productivity within the following priority sectors:

  • construction
  • transport, including logistics and warehousing
  • creative industries
  • agriculture and food processing

This competition supports the Government’s goals in the National AI Strategy in the transition to an AI-enabled economy through wider AI adoption across sectors.

Your proposal must:

  • be an AI solution
  • address a business challenge in either construction, transport, creative industries or agriculture and food processing
  • demonstrate an increase in business productivity within your chosen sector
  • be led by an SME facing a challenge or opportunity to be addressed in collaboration with another SME or an academic institution

In applying to this competition, you are entering into a competitive process. This competition has a funding limit, so we may not be able to fund all the proposed projects. It may be the case that your project scores highly but we are still unable to fund it.

This competition closes at 11am UK time on the deadline stated in this Innovate UK competition brief. We cannot guarantee other government or third party sites will always show the correct competition information.

 

Funding type

Grant

Project size

Your project’s grant funding request must be between £25,000 and £50,000.