Innovate UK Innovation Loans for game-changing ideas or concepts
Innovate UK is offering up to £10 million in loans to SMEs for highly innovative late stage projects with the best game-changing and/or disruptive ideas or concepts. Proposals can come from any technology area or industry sector and 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 (including arts, design, media or creative industries) and any part of the economy.
Projects must focus on commercialisation, growth or scale up. Priority is given to proposals likely to lead to growth, gains in productivity and/or access to new overseas markets through export.
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.
Businesses must be able to show that they:
* Can cover interest payments
* Will be able to repay the loan on time
* Need public funding
Loans of between £100,000 and £1 million are available. Projects should last up to 5 years and are expected to start by March 2019.
Registration closes: Wednesday 14 November 2018 12:00pm
For more information please visit:
https://apply-for-innovation-funding.service.gov.uk/competition/232/overview
Briefing events: 10th - 19th October
Innovate UK, the Knowledge Transfer Network and the Enterprise Europe Network are hosting briefing events across the UK. These events will provide invaluable information on innovation loans, including:
* the approach to credit decision-making
* advice on how to prepare a compelling project application
* discussion on sources of funding for growth through innovation.
To find an event near you, and to register, visit the Innovation loans briefing events page at the following link:
https://www.ktn-uk.co.uk/news/innovation-loans-open-competition-briefing-dates-announced-2
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