CWX - new funding opportunities
4 November 2024
Coventry and Warwickshire launch new funding opportunities with Innovate UK to drive innovation in immersive and creative technologies
Coventry and Warwickshire is working with Innovate UK to enable further funding to drive innovation and business growth in the local Immersive & Creative technology cluster.
New Innovate UK funding and support now available for innovation and business growth
Tailored towards Coventry and Warwickshire’s strengths in Immersive & Creative technology developments
Funding support available from £25k to £1m
Innovative businesses in Coventry and Warwickshire are urged to apply for a share of up to £4.35 million to drive innovation and business growth.
Through its Launchpad programme for Coventry and Warwickshire, Innovate UK has already awarded the area more than £3 million to provide funding, support, and networking opportunities to help businesses to innovate, grow and scale-up.
The Coventry and Warwickshire Launchpad has been developed through a partnership between Innovate UK, the national innovation agency, Warwickshire County Council, Coventry City Council and the West Midlands Combined Authority.
In this latest round, offering up to £4.35 million, projects must focus on immersive and creative industries which will increase investment in research and innovation and contribute to growing businesses and boosting the local economy.
These projects could include developing and applying technologies such as digital and mixed media, augmented and virtual reality, game engine and virtual production including 3D environments, simulations and data visualisations or motion capture including performance capture and gesture and facial recognition.
As part of the Immersive and Creative Technologies Launchpad programme, businesses can apply for MFA grant funding between £25k and £100k or larger-scale collaborative research and development projects can apply for between £150k and £1m as part of a consortium.
The funding is for innovation projects that focus on developing and adapting new technologies in various industries including creative, healthcare, education, future mobility, manufacturing, retail and tourism.