Deadline: 28 June 2017
The UK Department for International Development (DFID) is currently seeking applications from the UK businesses for its grant programme under the framework of Innovate UK, to accelerate innovation with public and private investment.
It provides simultaneous grant funding and venture capital investment in early stage projects led by UK companies.
Program Scopes
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
Programme Areas
This competition covers 2 of our sector groups:
- Infrastructure systems
- smart infrastructure
- energy supply and systems
- connected transport
- urban living
- Health and life sciences
- agrifood
- biosciences
- advanced therapies
- medical technology
- digital health
Funding Details
Innovate UK has allocated up to £6 million of grant funding for this competition: £3 million for infrastructure systems and £3 million for health and life sciences.
Eligibility Criteria
To apply for this competition and lead a project one must:
- be a UK based business, or have registered a UK business before the point of a grant award. Research and technology organisations and universities may not apply, but spin-out UK companies may
- be a micro, small or medium enterprise
- carry out your project in the UK
- work alone; that is, the grant funding and investment cannot be split with partners
How to Apply
In order to apply, the lead applicant must register online via given website.
Eligible Country: UK
For more information, please visit this link.
