This is a pilot programme from Innovate UK working with Rainbow Seed Fund that provides simultaneous grant funding and venture capital investment in early stage projects led by UK companies.

The programme will provide 100% of project costs. The aim is to:

• bring private investors into Innovate UK grant-funded companies earlier, giving companies greater confidence that investment will continue after the project funding
• give management teams more time to run the business rather than continually chasing investment remove the need to find match funding
• give companies direct access to commercial acumen and market opportunities

This competition covers 2 of sector groups: Infrastructure Systems and Health and Life Sciences and has a large scope, comprising the following areas:

Infrastructure Systems

• Smart infrastructure
• Energy supply and systems
• Connected transport
• Urban living

Health and life sciences

• Agriculture
• Biosciences
• Advanced therapies
• Medical technology
• Digital health

The aim of this competition is to fund feasibility studies that explore and evaluate the commercial potential of innovative ideas.

Applicants should do this through:

• Reviewing research evidence and identifying possible applications
• Assessing business opportunities
• Consolidating the intellectual property position of their idea
• Validating initial concepts or existing demonstrators
• Identifying areas for further development

In all these cases, the aim of the investment accelerator pilot is to fund innovative high-risk projects and invest in companies that have real potential for growth – InnovateUK will achieve this by working closely with their investor partners

Timelines

Opens for applications 8 May 2017
Deadline for registration 28 June 2017
Deadline for applications 5 July 2017

Contact us

For Health & Life sciences Oliver.Sexton@Midven.co.uk
For Infrastructure Mark.White@Midven.co.uk

See our website for more details

http://rainbowseedfund.com/investment-focus/iuk-in...