It’s a mechanism that a government department or public sector body uses to find a new solution to a challenge that currently has either no solution or a partial one. And it’s a great opportunity for businesses to profit by rising to the challenge and securing a valuable contract.
Over 1,500 SBRI contracts valued at more than £170m have been awarded since April 2009.
The department outlines what the problem is and asks small businesses to submit their idea for solving it. It doesn’t have to be a fully developed solution as the process includes time and funding for research and development aimed at producing a well-defined prototype.
You’ll be competing with other businesses and if your idea is chosen you’ll get a lead customer for your product or service. You’ll also retain the intellectual property rights so that you can develop your product further to suit your business aims. View some of our local success stories.
Check out the current competitions.
Read the latest SBRI success story.
The SBRI process
If you want to find out more about Innovate UK competitions or other R&D support, contact us on 0800 181 4422.