Your all-in-one free business support hub
09/05/2018 09:30 AM – 02:00 PM
The Priory Rooms Meeting & Conference Centre, Quaker Meeting House, 40 Bull Street, Birmingham, B4 6AF
Join Innovate UK and the Knowledge Transfer Network to find out about the open innovation loans competition, the scope and how to apply.
Innovate UK and KTN are hosting a briefing event for Innovate UK’s new Open innovation loans competition, which is currently open for application.
They are running a pilot programme of loan competitions over 2 years, until the end of 2019. A total of up to £50 million is available for business innovation projects. Innovate UK is working to broaden the range of innovation finance support available to businesses, so they can access funding at all stages of innovation. Innovation loans are for UK small or medium-sized enterprises that want to scale up and grow through innovation, developing new or improved products, processes or services. They can be used for late-stage research and development projects, which have now yet reached the point of commercialisation.
Innovate UK is to offer up to £10 million in loans to SMEs for innovative late stage projects. The aim of this competition is to provide loans to help SMEs to undertake game-changing innovations with strong commercial potential across any sector or industry.
Innovation loans will offer affordable, patient, flexible, repayable funding for later-stage research & development projects with a clear route to commercial success.
The purpose of the briefing event is to provide vital information to enable businesses to decide if an innovation loan is appropriate for them and, if so, to develop a clear and compelling application that shows that they have an innovative project and are suitable for a loan.
To register your attendance for this event please follow the link provided on the right hand side.