11 July 2019 – Innovate UK is offering up to £10 million in loans to micro, small and medium-sized enterprises (SMEs). Loans are for highly innovative late stage projects with the best game changing and/or disruptive ideas or concepts. There should be a clear route to commercialisation and economic impact.
Projects should aim to develop new products, processes or services (or innovative use of existing ones) believed to be significantly ahead of anything similar in the field. Your proposal can come from any technology and any part of the economy. Projects must focus on commercialisation, growth or scale up, and priority will be given to proposals likely to lead to growth and gains in productivity.
Projects should last up to 5 years, of which up to 3 years can focus on late stage research and development (R&D), and up to 2 more years on establishing a clear route to commercial success. Loan repayments will be required over a further period of up to 5 years.
A series of briefings will take place around the UK and online this month.
- Brighton – Tuesday 23 July 2019
- London – Wednesday 24 July 2019
- Online – Wednesday 24 July 2019
- Sheffield – Thursday 25 July 2019
- Warrington – Tuesday 30 July 2019
- Birmingham – Wednesday 31 July 2019