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June 17, 2022 | News

£30 million Fast Start funding for cutting-edge start-ups

£30 million Fast Start funding for cutting-edge start-ups

Innovate UK is launching a brand new series of grants worth £30 million to back innovative UK businesses in fast starting innovation and boost the UK economy.

These grants, of up to £50,000 each, will provide a fast way to boost cash flow, helping to propel those highly innovative ideas that have a clear route to commercialisation.

Grants will back innovations in one or more of the seven technology areas outlined in the government’s Innovation Strategy:

  • advanced materials and manufacturing
  • artificial intelligence, digital and advanced computing
  • bioinformatics and genomics
  • engineering biology
  • electronics, photonics and quantum
  • energy and environment technologies
  • robotics and smart machine.

Businesses will also need to consider how their innovation could be part of solving specific challenges of net zero and self-driven healthcare and wellbeing.

Grants will only be offered to businesses that have not previously received Innovate UK funding. Businesses who are offered grant funding, will also be offered tailored business support through Innovate UK EDGE.

The competition opens on 11th July and closes on 26th July. Find out more here.

 

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