Grant News
The Department for Business, Energy & Industrial Strategy has launched a new £12 million funding round to support regulators and local authorities to develop initiatives that help businesses bring innovative products and services to market.
The Regulators’ Pioneer Fund will award grants of up to £1 million for projects that encourage business innovation and investment, and help UK regulators keep pace with technological advances of the future and address key issues such as the cost of living, reaching net zero and levelling up the UK.
Previous funding rounds have led to significant achievements across a wide range of UK sectors, notably:
- creating a world-first framework for licencing crash-protected containers that drones can use to carry sensitive goods including medical goods like vaccines
- enabling the Intellectual Property Office to harness Artificial Intelligence to improve the speed with which innovators and organisations can register intellectual property rights (IPR)
- developing standards for gene therapy to prevent or treat disease and improve health for many people in the UK and beyond
- exploring the use of adaptive AI algorithms in medical devices to protect and improve public health
- developing a framework to facilitate the use of technology and innovation in the legal sector to address regional inequalities in access to justice
- creating an interactive tool to help small business owners more easily understand fire safety requirements, reducing risk to life and the environment
- building an ‘Innovation Hub’ that will bring together relevant bodies to unblock legislative and regulatory barriers to innovations like flying taxis
The deadline for applications is 12pm on the 29th September 2022.
Useful Links:
Regulators' Pioneer Fund: competition brief for funding round 3