Yours could be the next best innovation!

Closing Date
0
0
0
0
Days
0
0
Hrs
0
0
Min
0
0
Sec

Description

This is an investment accelerator competition providing simultaneous grant funding and private investment for early stage projects led by UK companies.

Up to £6 million of grant funding and a comparable amount of private equity investment is available to support business-led innovation in precision medicine technologies. Proposals must offer a disruptive change to the way that we accurately diagnose, monitor and treat disease.

The competition is open to single SMEs who are looking for grant funding and who want to establish an equity relationship with a UK venture capital firm. Find out if your business fits the EU definition of an SME.

We are particularly encouraging new deal flow from the investor partners. SMEs who already have investment from one or more of the investors are also eligible. Preference may be given to first time investments in the event of a large number of high quality applications.

Funding type

Grant

Project size

Projects’ total costs can be between £500,000 and £1.5 million with up to 50% funded by Innovate UK. 100% of project costs will be provided, split between Innovate UK and the investor partner. Projects must start by 1 May 2019 and last up to 24 months.