UK registered businesses can apply for a share of up to £10 million in grant funding for innovation in electric vehicle battery technology. The ISCF Faraday Battery Challenge will work with Innovate UK, part of UK Research and Innovation, to invest up to £10 million in innovation projects across the Feasibility Study and R&D strands of the Faraday Battery Challenge. These will be to support innovation in the design, development and manufacture of batteries for the propulsion of electric vehicles. The aim of this competition is to support the research and development of the most promising innovative battery technologies for the propulsion of electric vehicles, building on the outputs of previous activity to accelerate towards commercialisation.
Your project must:
- clearly demonstrate a significant value-add and exploitation from a preceding feasibility study, collaborative research and development project or previous non-grant-funded activity.
- have total eligible costs between £300,000 and £1,500,000
- plan to end by 31 March 2022
- last between 3 and 12 months
For the full eligibility criteria please see the full overview.