Funding Opportunities
Funded by the Engineering and Physical Sciences Research Council (EPSRC), the network+ has funding to distribute over a range of projects within finance technology across the UK (FinTech)
Central to UKFin+ is its ‘commissioning framework’, which provides the funding mechanisms for five streams of collaborative projects between academia and partners.
UKFin+ will offer funding of £962,000 to enable collaborations between researchers and practitioners to tackle wicked challenges facing the UK financial services sector.
You need to be a member of the network to apply for funding – please sign up here.
All parties must confirm they will sign the collaboration agreement if the grant is awarded, at the point of application.
Briefing and Q&A sessions
Briefing will be pre-recorded and available via our web site from 1st September.
UKFin+ Funding Clinics
These will be scheduled in advance of call deadlines and 15-minute slots can be reserved by potential applicants to ask the team questions.
The availability of clinics may change over time. Those who have booked a time will be informed of any changes that affect their allocated slot.
Overview of Funding Types:
Agile
Collaboration between academics and practitioners to deliver outcomes ranging from seed activity to practical solutions in an agile and responsive manner
Up to £10,000 max for each project
Typically TRL1
Required to start within 2 months of award
Duration of up to 4 months
Costing allocation: 80% full economic costing
All parties must confirm they will sign the collaboration agreement if the grant is awarded, at the point of application.
Funding deadlines: Continuous
Pilot
Explore technological, mathematical and scientific solutions for real-life challenges in financial services – early-stage exploratory projects
Up to £20,000 max for each project
Typically TRL2
Required to start within 4 months of award
Duration of up to 4 months
Costing allocation: 80% full economic costing
Funding deadlines: 14/11/23, 9/4/24, 12/11/24, 29/4/25, 11/11/25
Feasibility
Explore technological, mathematical and scientific solutions for real-life challenges in financial services – more substantial projects
Up to £100,000 for each project
Typically TRL3
Required to start within 9 months of award
Duration of up to 12 months
Costing allocation: 80% full economic costing
Funding deadlines: 14/11/23, 9/4/24, 12/11/24, 29/4/25, 11/11/25
Impact
Translate research to real-life benefits e.g. influence policy or initiate commercialisation
Up to £15,000 for each project
Typically TRL4
Required to start within 4 months of award
Duration of up to 6 months
Costing allocation: 100% full economic costing for directly incurred costs only
Required to include at least one SME
Funding deadlines: 14/11/23, 9/4/24, 12/11/24, 29/4/25, 11/11/25, 14/4/26
Education and Engagement
Supporting the growth of the financial services talent pool
Up to £6,000 for each project
Required to start within 4 months of award
Duration of up to 6 months
Costing allocation: 100% full economic costing for directly incurred costs only
Funding deadlines: 14/11/23, 9/4/24, 12/11/24, 29/4/25, 11/11/25, 14/4/26