Innovate UK is offering up to £10 million in loans to micro, small and medium-sized enterprises (SMEs). Loans are for highly innovative late stage projects with the best game changing and/or disruptive ideas or concepts. There should be a clear route to commercialisation and economic impact.
Your project should aim to develop new products, processes or services which are significantly ahead of anything similar in the field. You can also propose an innovative use of existing products, processes or services.
Your proposal can use any technology from any part of the economy.
Your project must focus on commercialisation, growth or scale up. We will give priority to proposals likely to lead to growth and gains in productivity.
You must be able to show that you:
- can cover interest payments
- will be able to repay the loan on time
- need public funding
The competition closes at midday 12pm UK time on the deadline stated.