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Innovate UK is to offer up to £10 million in loans to SMEs for innovative late stage R&D projects.

Innovate UK and the Knowledge Transfer Network are hosting  briefing events for Innovate UK’s new Open innovation loans competition, which is currently open for application.

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Innovation loans competition briefing events

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.

The launch event was in London on 30th April  2018.  Further briefing events will be held in:

Edinburgh EICC – 1st May

Manchester, Studio Manchester – 2nd May

Birmingham, The Priory Rooms – 9th May

Cardiff, Tramshed Tech – 10th May

Click on the links above to register.

About Innovation Loans

Innovate UK is running a pilot programme of loan competitions over 2 years to 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 (SMEs) 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 (R&D) projects, which have not 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.  More information can be found here.

The deadline for registration for the competition is 6 June 2018 and the application deadline is noon on 13 June 2018.

 

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