Insider Brief
- The Department for Science, Innovation and Technology (DSIT) and Innovate UK (IUK) launched a Small Business Research Initiative (SBRI) competition.
- The program offers a total of £15 million inclusive of VAT to organizations interested in developing proposals that harness the power of quantum technologies.
- Innovators are asked to explore the application of quantum technologies in various areas relevant to the UK Government’s priorities.
The Department for Science, Innovation and Technology (DSIT) and Innovate UK (IUK) have launched a Small Business Research Initiative (SBRI) competition, offering a total of £15 million inclusive of VAT to organizations interested in developing proposals that harness the power of quantum technologies to address pressing challenges of strategic importance to the UK Government.
The competition, which opened May 29, 2023, provides a unique opportunity for innovators to explore the application of quantum technologies in various areas relevant to the UK Government’s priorities. Its primary objective is to accelerate the adoption of quantum solutions within the public sector, ultimately benefiting the wider public.
Divided into two distinct phases, the competition presents a total budget of up to £2 million for Phase 1, which will span three months. Successful projects from Phase 1 will then progress to Phase 2, which holds a budget of up to £13 million and will extend over a period of up to 15 months.
At the conclusion of Phase 1, proposals developed by participants will be assessed by the UK Government, based on the comprehensive end-of-phase reports submitted. Only the most promising and successful projects will be invited to continue their quantum technology journey with a contract for Phase 2.
It is important to note that participating in this competition involves engaging in a competitive process, whereby proposals will be evaluated based on their merit, viability, and alignment with the UK Government’s objectives.
It is crucial to understand that any adoption and implementation of a solution resulting from this competition will be subject to a separate procurement exercise, which may entail further competition. The competition itself does not encompass the direct purchase of any solutions.
Interested parties are advised to submit their proposals before the competition closes promptly at 11:00 am UK time on Tuesday, 27 June 2023.
For more information about the competition, eligibility criteria, and application process, please visit the official competition webpage on the Innovate UK website.
For more market insights, check out our latest quantum computing news here.
