The Government’s innovation agency Innovate UK has up to £3 million to invest in innovative business research projects addressing urban mobility, waste and water management in Malaysia.
The competition is jointly funded by PlatCOM Ventures, Malaysia, which will support Malaysian partners in the projects. It is being run as part of the UK–Malaysia Newton-Ungku Omar Fund.
The UK government Newton Fund uses science and innovation partnerships to promote economic development and social welfare of partner countries.
Malaysia has experienced intense growth over the last few decades. Key chaalenges the country needs to address include reducing the amount of water lost in its distribution systems and dealing with urban flooding caused by heavy rainfall.
Projects , which must involve at least one UK company working together with one Malaysian SME, should tackle one or more of the following challenges:
- urban water management
- urban mobility
- urban waste
The competition opens on 2 May 2017, and the registration deadline is midday on 30 August 2017.
Innovate UK expects projects to range in size from £300,000 to £500,000 on the UK side and to last 2 years - businesses could receive up to 70% of their project costs.
Funding for UK participation will be by Innovate UK and Malaysian businesses will be funded by PlaTCOM Ventures, supported by the Malaysian Innovation Agency and SME Corp Malaysia.
A briefing event for potential applicants will be held on 11 May 2017 - click here for more information.
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