Investment accelerator pilot: Infrastructure Systems and Health & Life Sciences

Funding details
Registration opens
08 May 2017, 00:00
Registration closes
28 Jun 2017, 12:00
Closes
05 Jul 2017, 12:00
Award
£8.5 million
Organisation
Innovate UK
Summary

UK businesses can apply for a share of £8.5 million to fund feasibility studies in infrastructure systems or health and life sciences.

This is a pilot programme for Innovate UK, providing 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 sector groups: infrastructure systems and health and life sciences. It therefore 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.