April 22, 2020 | News
The University of Surrey Covid-19 SME Equity Investment Scheme has been put in place to support our innovation ecosystem in this time of crisis. It is specifically designed to support those SMEs who are unable to raise investment due to the Covid-19 situation.
About the grant
The scheme has been allocated £150,000 of funding and The University of Surrey Seed Fund Ltd will subscribe to purchase new shares valued at no more than £30,000 in each individual company. However, we may re-evaluate this initial position once we have assessed demand.
This aid will be granted under the State Aid de Minimis Scheme. Where SMEs have already exceeded their allowance, aid can be granted under the Temporary Aid scheme.
We anticipate that demand will exceed the funds available and applications will be assessed against the criteria outlined below. Decisions will be made by the University Seed Fund Ltd.
To apply for Covid-19 Equity Investment your business must:
How to apply
For further information about the Scheme please contact the Technology Transfer Office.