ISCF Commercialising Quantum Technology Investment Accelerator Briefing - London
As part of the Industrial Strategy the Government will invest in the “Commercialising quantum technologies” Industrial Strategy Challenge Fund (ISCF) to enable the UK to lead the global development and application of quantum technologies. Innovate UK, as part of UK Research and Innovation (UKRI), would like to invite UK registered investors to partner with us. Together we will distribute a share of up to £12m in grants to micro, small or medium-sized enterprises (SMEs) alongside private equity capital. Grant funding is from the Industrial Strategy Challenge Fund.
The aim of this competition is to encourage early private investment in innovative quantum technologies, including products, services and business models. This is phase 1 of a 2-phase competition. The second phase will be open to SMEs to apply for funding.
The investor partners we select will work over a 2-year timeframe after we award funding (approximately March 2020 to March 2022) to:
- identify innovative SMEs developing or exploiting quantum technologies that are suitable for investment but outside your typical risk preference, which might involve changing your target market
- help those SMEs deliver a quantum technologies project, with 50% of the total eligible project costs grant funded and the remaining 50% from equity investment into the business
Over a further 2 years the investor partner will manage any remaining grant deployment to ongoing projects.
We will only offer grant funding to SMEs with research and development projects we consider to be highly innovative.
This partnership approach aims to improve access to the financial and commercial support SMEs need to develop and market innovations in the quantum technology market. Investor partners must provide wider business skills, networks and experience as well as capital investment.
More information can be found online here.
Programme: Registration will open at 10am where refreshments will be available. The Briefing will start at 10.30am and close with lunch at 12.30pm.
Register your interest: Spaces for this event will be limited therefore we ask you to register your interest in attending at the earliest opportunity. Please note registration on this page does not guarantee a place. We will review all of the expressions of interest and notify participants as soon as possible if they have been successful in securing a place. Please do not book travel until you receive this notification. Venue information will only be provided to those who have been offered a place.
Not able to attend in London? This event will also be available via webcast and you can register to join online here.
Enquiries: If you have any queries, please contact KTN’s Knowledge Transfer Manager – Quantum, email@example.com, 07808 739946.
Potential applicants are strongly urged to attend this briefing or the webcast, as there will be important information on the competition process which may differ from previous competitions.