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- Published : Tue, 21 Jan 2014
Encourages businesses and researchers to work together on innovation
Co-funds partnerships between businesses, and business and academia
Helps create successful new products, processes and services
Collaborative research and development (R&D) encourages businesses and researchers to work together on innovative projects in strategically important areas of science, engineering and technology – from which successful new products, processes and services can emerge, contributing to business and economic growth. Each £1 we invest in collaborative R&D typically returns around £7 in GVA (Gross Value Added).
By co-funding projects involving partnerships between businesses and between business and academia, collaborative R&D reduces financial and technical risk and encourages knowledge exchange, supply chain development and parallel working on complex challenges.
We hold frequent competitions for collaborative R&D project funding, in a wide range of areas covering specific technical or societal challenges. See our competitions search page for current opportunities.