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Innovate UK announces new funding competition
A competition for a share of £15 million of funding has been announced by Innovate UK, which is seeking to support innovative, business-led proposals from any engineering, technology or industrial sector. Projects must be transformational and have a clear commercial effect, and those which result in access to new markets or sustainable growth in productivity will be prioritised. The competition will be open until 1 February 2017, and will fund up to 70% of eligible project costs, ranging from £25,000 to £1 million.