ONE Innovation Fund | ONE

• Awards can fund capital and revenue expenditure.
• Examples include process and product innovation; research and development; market research, entry and launch activities; and embedding innovation in business models and culture.
• Applications accepted in the £25k to £100k range to accelerate domestic and international market entry through process, product and service innovation. Awards at the upper end of the range will be considered if there is a particularly strong funding case.

Eligibility

• A business must be based in north east Scotland, with a registered address with an AB postcode, and operate in a priority industry sector to apply for an award. Relevant sectors include digital; food, drink and agriculture; life sciences and tourism.
• Businesses should have an existing relationship with ONE and have participated in ONE-led programmes e.g. leadership development, business growth, market development, internationalisation, innovation, accelerators, etc.
• Businesses should not have received more than £315k in public sector award funding over the past three years.

Application Process

• Complete and submit the application as soon as possible.
• Applications must be submitted no later than 24 March 2022.
• Appraisal panels sit weekly and applicants will be notified of their award decision within five days of the panel meeting.
• Early applications are strongly advised.

Assessment Criteria

Applications are assessed against criteria including value proposition, customer and market demand, use of funding, deliverability and impact on business growth and employment.

See the ONE Innovation Fund Guidance for Applicants document below for further information on eligibility and applying.

Contact us for an application pack:

Sarah Morgan, NEERSF Programme Manager, Opportunity North East

E: sarah.morgan@opportunitynortheast.com