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SMEs Transforming food production: Series A Investor Partnership round 2

Fund Name

SMEs Transforming food production: Series A Investor Partnership round 2

Project Length

18 months

Project Value

Up to £3m

Deadline

11.11.2021

The aim of this competition is to support UK registered micro, small and medium-sized enterprises (SMEs) to transform food production through experimental development projects that are closer to market. To be offered grant funding your project must:

  • be assessed as eligible for grant funding
  • be successful in demonstrating how your project meets the overall aims of the ISCF Transforming Food Production Challenge
  • have secured aligned investment with a lead investor from the pool

Check Your Eligibility

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Fund Details

The aim of this competition is to develop precision technologies and data-driven solutions that make a significant step towards realising net-zero food production systems by 2040. Your proposal must demonstrate the ambition to finalise a late-stage innovation. You must show your potential to grow and scale your business through successful negotiation of investment from a lead investor associated with the competition. You must provide a coherent project plan which integrates into your business strategy. You must demonstrate how your project meets the overall aims of the ISCF Transforming Food Production Challenge, to:

  • help food production systems achieve net-zero emissions by 2040
  • help produce food in ways that are more efficient, resilient and sustainable
  • speed up the development and use of integrated precision approaches to improve productivity in agricultural systems

Your project must focus on one or more of the following:

  • the development of precision solutions and systems that will make a significant step towards net-zero emissions for food production
  • improving the productivity of the agricultural sector
  • stimulating the establishment of novel high-value production systems
  • developing export opportunities

Eligibility

To secure grant funding you must also secure investment of at least twice the amount of grant through one of the lead investors associated with this programme. Your project must:

  • have total eligible costs between £1 million and £3 million
  • start by 1 August 2022 and end by 31 January 2023
  • last 18 months
  • carry out all of its project work in the UK with the intention of exploiting the results from or in the UK

Projects will NOT receive funding if they involve:

  • equine
  • amenity horticulture
  • wild-caught fisheries
  • non-food crops

Projects will not be funded that are:

  • dependent on export performance
  • dependent on domestic inputs usage

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