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Future Economy Investor Partnerships SME round 1

Fund Name

Future Economy Investor Partnerships SME round 1

Project Length

Dependant on Project Type

Project Value

£50k-£2m

Deadline

10.05.2023

The aim of this competition is to provide you with support for research and development and access to the capital investment you need to develop and commercialise your innovations.

Your proposal must have a clear route to market, a clear link to innovation and evidence that you can create a team to deliver your proposal.

Check Your Eligibility

Fund details

You must be:

  • registered in the UK as an SME by the time the award is contracted
  • able to raise the aligned finance needed to draw down the award, through the issue of new shares or convertible debt

You must also demonstrate that if your project is funded, it will:

  • have significant market impact
  • be scalable
  • be attractive to other equity investors

Specific themes

The investor partnership programme will be focused on specific themes for the future economy areas that include:

Net Zero

  • capital intensive technologies
  • power – particularly offshore wind, civil nuclear, hydrogen, carbon capture and storage, and whole systems integration
  • heating and retrofit
  • mobility
  • resource efficiency for materials and manufacturing
  • critical circular materials
  • battery technologies for transport and energy storage (Faraday Battery Challenge)

Health and Wellbeing

  • innovative solutions to health and healthcare challenges (Biomedical Catalyst)
  • advancing life-changing Cancer Therapeutics, focussed on immunotherapies and paediatric oncology
  • the application of extended reality for digital mental health, including immersive content that could be delivered as a digital mental health therapeutic in formal healthcare settings (Mindset)
  • controlled environment agriculture and alternative proteins

Next generation digital technologies

  • projects within the creative industries which are underpinned by innovative digital technology as well as sustainable innovations, such as circular fashion (Creative Catalyst)
  • adoption of artificial intelligence and machine learning technologies in targeted industries (Bridge AI)

Knows No Limit (equality, diversity and inclusion)

  • innovations from diverse founders or senior decision-makers that are from under-represented groups and are role models
  • innovations outside of the future economy theme areas, including those that support under-served communities and groups

Your project

For feasibility studies projects:

  • your total project costs must be between £50,000 and £300,000
  • the project duration must be between 6 and 12 months

For industrial research projects:

  • your total project costs must be between £100,000 and £1 million
  • the project duration must be between 6 and 24 months

For experimental development projects:

  • your total project costs must be between £250,000 and £2 million
  • the project duration must be between 12 and 24 months

Eligibility

To apply your organisation must:

  • be a UK registered micro, small or medium sized business (SME)
  • carry out its project work in or from the UK
  • intend to exploit the results in or from the UK
  • have discussed and agreed your proposal with your investor partner before submitting your application

Talk to us today if you would like to apply for this opportunity.

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