The Next Wave: Breakthrough Wave 1 funding opportunity, delivered by Innovate UK, supports UK registered businesses in conducting industrial research projects that explore Createch innovation aligned with industrial strategy priorities. A total fund of £10 million is available through grant funding.

Overview

Innovate UK invites applications for industrial research projects that advance innovation at the intersection of creativity and technology. The programme aims to support projects that align with the UK’s industrial strategy, enabling businesses to develop new products, processes, or services with significant technological ambition. The competition is open to single applicants or collaborations, with a focus on projects that can demonstrate clear commercial potential and economic impact.

Funding and Benefits

The total fund for this opportunity is £10,000,000. Grants are awarded to cover eligible project costs for industrial research activities. Funding is provided through Innovate UK as part of its support for business-led innovation. Applicants should review the full opportunity details on the Innovation Funding Service for specific information on funding levels, project costs, and eligible expenditure.

Eligibility

• Applicants must be UK registered businesses.
• To lead a collaborative project, the lead organisation must be a UK registered micro, small, or medium sized enterprise (SME) claiming grant funding on this application.
• To work alone, the organisation must be a UK registered SME.
• Single applicants or collaborations are permitted.
• All applicants must meet the standard UKRI and Innovate UK eligibility requirements for grant funding.

Application Process

Applications must be submitted through the Innovation Funding Service. The full opportunity details, including the application portal and guidance, are available via the dedicated competition page. Applicants are encouraged to review all supporting materials and terms before applying. The application portal opens on the publication date, and all submissions must be received by the specified closing date and time.

Deadline and Timeline

• Publication date: 23 June 2026
• Opening date: 23 June 2026, 9:00am UK time
• Closing date: 11 August 2026, 11:00am UK time

Applications must be submitted by the closing deadline. Late submissions will not be accepted.

Contact Information

For further details, applicants should refer to the full opportunity details on the Innovation Funding Service. General enquiries about UKRI and Innovate UK funding can be directed through the UKRI contact page. Subscribe to UKRI emails for updates on funding, news, and events.