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ISCF Commercialising Quantum Technologies Investment Accelerator

Registration is closed
Funding details
Registration opens
19 Aug 2019, 00:00
Registration closes
25 Sep 2019, 12:00
Closes
25 Sep 2019, 12:00
Award
You can apply to receive grant capital of between £2 million and £12 million to distribute to SMEs alongside your equity investment.
Organisation
Innovate UK
Summary

The ISCF Quantum Technologies Investment Accelerator aims to provide grant funding to innovative businesses in support of a defined research and development project aligned with equity investment in those businesses from investor partners.

We are now in a position to offer equity providers (including charities or trusts) with a UK presence the opportunity to join Innovate UK and become investor partners on the ISCF Quantum Technologies Investment Accelerator.

Innovate UK, as part of UK Research and Innovation, is inviting UK registered investors to partner with us. Together we will distribute a share of up to £12 million 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.

You can apply to receive grant capital of between £2 million and £12 million to distribute to SMEs alongside your equity investment. To join as an investor partner you must be an equity provider with an established company holding a full UK registration at Companies House. This can include charities and trusts with the power to make investments.