Innovate UK

Innovate UK Venture Builder Pilot Expression of Interest in Lancashire

Innovate UK

Business

Expires:

Total: 3750000

Individual: 150000

Minimum company size: 1

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Innovate UK, part of UK Research and Innovation (UKRI), will invest up to £3.75 million from the Innovate UK Venture Builder pilot programme. This is subject to a sufficient number of high quality applications being received.

This expression of interest (EoI) competition focuses on three UK Government Industrial Strategy technology sectors: Frontier AI, Engineering Biology and Advanced Materials and Manufacturing.

The aim of this competition is to close the gap between validated customer discovery and investment readiness by supporting spin-outs to become investor‑ready companies and secure their first investment.

The Venture Builder programme will support newly spun out companies with early characteristics of high-growth potential.

If you are successful in stage two you will receive:
  • 9 months of Venture Builder programme support
  • up to £150,000 grant funding

Funding must be used to create clear proof points for investors or remove specific barriers that would prevent you from securing your first investment.

This is not a research grant. It is not intended to fund further technology development, and it is not a general operating subsidy.

This expression of interest (EoI) application is the first stage in a two stage application process. Grant funding will not be awarded at this EoI stage.

You must have a successful application in this competition before you can be invited to apply to the second stage of the competition. Any funding will not be awarded until successful completion of Stage 2. Stage 2 is subject to a separate assessment process and invitation to proceed to Stage 2 does not guarantee funding.

In applying to this competition, you are entering into a competitive process.

We consider a range of factors when determining whether to provide funding to applicants. This includes an assessment of prior conduct, such as any outstanding payments owed to Innovate UK or UKRI. Such factors may influence the funding decision, potentially resulting in a refusal of funding or an award subject to additional scrutiny.

We also reserve the right to adjust funding allocations for any of our competitions. This may be in response to changes in policy, portfolio funding considerations or broader government funding decisions.
This competition closes at 11am UK time on the deadline stated in this Innovate UK competition brief. We cannot guarantee other government or third party sites will always show the correct competition information.
Funding Expires 21 hours from now

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