What are government-funded projects?
This blog outlines examples of some of the best government funded projects in the last three years, given to many businesses and charities.
Government funded projects are awards publicly given by either national or local government. EU funded projects from the European Social Fund are also available. These awards are often given to specific groups of people or companies needing additional funding for projects they are working on. This can be across various industry sectors, including social enterprise, robotics, engineering, IT and infrastructure.
Various grants are available depending on your business sector, your circumstances, and the scale of your project. Over the last few years, many leading companies have worked, sometimes with others, on community projects to try and bring change to others or to introduce a new product that will be of great benefit. These projects have been successful, with the companies granted high amounts of money. This has led to greater recognition for their efforts and has contributed to a significant growth in innovation for the companies. Below we have listed some of the most notable examples of Innovate UK funded projects and grants, as well as a few from other awarding organisations, from the last few years (2020, 2021 and 2022).
Below is a list of approved government funded projects for less than £100,000. However, this is still significant money that has helped these proposals get off the ground.
Altran UK Limited
Edge Hill University
University of Kent
University of London
Below is a list of projects awarded between £100,000-500,00. Many bodies and universities have been involved as innovators through these schemes.
University of Oxford
and University of
EMTEQ Limited and
Fabrx Limited and
Richmond Design &
Changi Airport Group
Singapore Pte Ltd and
Authority of Singapore
Muddy Machines Ltd,
JGHC Limited and
University of Warwick
Birdie Care Services
Limited and Co-Assist
Centre For Process
Innovation Limited and
Johnson Matthey PLC
HausBots Limited and
Wizdish Limited and
Transport for All
Action For Race
These are the largest grants we have listed for publicly funded projects; all were awarded over £500,000. They are all based in the green tech and biomedical sectors.
Limited and Cell
Cambridge Allergy Ltd
Mas Design Products
Why do government-funded projects have to innovate to succeed? The industry is highly competitive and sought-after, so business leaders must keep their eye on the latest trends and developments in their sector and look for new ways to act upon them. Understanding this will help businesses learn the importance of growth through innovation. It’s critical to remember that problems cannot always be solved with old solutions. It’s also crucial for any company leader to thoroughly understand the process of innovators and what it takes to be one. Business innovation is often grouped into two categories: sustaining and disruptive.
- Sustaining innovation:Sustaining innovation: Enhancing an organisation’s processes and technologies to improve its current product line. Businesses usually carry this out to stay on top of their game in their market. This will, in turn, help them to become successful and influential innovators.
- Disruptive innovation:This happens when smaller businesses challenge larger ones with their ideas. It is classified into two sub-categories: low-end disruption, where company owners enter and claim a section at the bottom of an existing market, or new-market disruption, with innovators creating an additional market segment of their own to serve a customer base who have not yet been catered for in the existing market.
Growth in innovation is essential as it allows businesses to adapt constantly and be ready for change. This notably happened in recent years as a result of the COVID-19 pandemic. Trade was disrupted for some companies who chose to stick to the status quo, while others, in turn, became innovators as they overcame the challenges of these new changes. You will often be required to collaborate with others and invest time and resources into generating solutions to help you overcome obstacles.
The four stages of innovation
If a business were to be successful through innovation, it must keep in mind four steps to do this successfully. These were derived from Harvard Business School’s Dean Srikant Datar, who taught these principles in the online course Design Thinking and Innovation. Keep these in mind if you want to be a leading innovator.
- 1Clarify: Firstly, you will need to clarify any problem you may face and undertake research to understand your target audience, as well as their pain points. If any problem does arise, you will need to frame it in a way that will allow you to innovate and resolve the issue.
- 2Ideate: Next, you will have to generate ideas to help solve the problem, challenge assumptions, and overcome biases.
- 3Develop: Any solutions generated during the ideation stage need to be explored and developed further, preferably through innovation itself. Question the solution’s practicality and effectiveness before you decide whether to utilise it.
- 4Implement: Finally, you must communicate your developed idea to stakeholders.
If you want to find more information on publicly funded projects and grants and learn more about IT innovators, please visit the Innovate UK website for more information. You can also visit the different companies’ respective websites, as listed in the tables.