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What does an R&D Project look like in an Innovate UK Innovation Loan?

Your project can include:

  • prototyping
  • demonstrating
  • piloting
  • testing
  • validation

Innovate UK Innovation Loans are aimed at “late-stage R&D Projects” meaning that the proof-of-concept has been established, MVP is in the market and ideally generating revenues. In terms of Technology Readiness Level (TRL), Innovate UK Innovation Loans are targeted at TRL 6-9.

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