News & Stories

Funding competition: investment accelerator pilot

20/04/2017

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. It provides simultaneous grant funding and venture capital investment for early stage projects led by UK companies.

Up to £3 million of grant funding and £1.25 million of private equity investment is available for projects related to infrastructure systems. This includes smart infrastructure, energy, urban living and connected transport.

Up to £3 million of grant funding and £1.25 million of private equity investment is available for projects related to health and life sciences. This includes health, agriculture and biosciences.

We expect projects to have total costs of up to £150,000. The programme will provide 100% of project costs. Projects should last between 3 and 12 months.

The competition is open to single small and medium-sized enterprises (SMEs) who are looking for early stage grant funding and who wish to establish an equity relationship with a UK venture capital firm.

For more information, visit 

www.gov.uk/government/publications/funding-competition-investment-accelerator-pilot