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Innovation Loans Open competition briefing dates announced

Posted on 04/07/2018

Innovate UK is to offer up to £10 million in loans to SMEs for innovative late stage R&D projects.

Innovate UK, the Knowledge Transfer Network and the Enterprise Europe Network have announced details of briefing events across the UK for the second of Innovate UK’s Open innovation loans competitions, which is now open for applications.

Innovation loans competition briefing events

Register for a briefing event at a location near you:

Cambridge – 23rd July

London – 24th July

Leeds – 26th July

Liverpool – 27th July

Nottingham – 30th July

Bath – 31st July

 

We will also be hosting a webinar on 24th July.  Register for the webinar here.

Each briefing event will provide background information on innovation loans and the approach to credit decision-making from Innovate UK, advice on how to prepare a compelling project application from the Knowledge Transfer Network and discussion on sources of funding for growth through innovation from the Enterprise Europe Network and local members of the innovation ecosystem.

Open competition for innovation loans

Innovate UK is to offer up to £10 million in loans to SMEs for innovative late stage projects.  The aim of this competition is to provide loans to help SMEs to undertake game-changing innovations with strong commercial potential across any sector or industry.  Innovation loans will offer affordable, patient, flexible, repayable funding for later-stage research & development projects with a clear route to commercial success.  More information can be found here.

Innovate UK recently announced the first borrowers in its innovation loans pilot competition that covered ‘first of a kind’ projects in infrastructure systems.  The news story on this can be found here.

The deadline for registration for this Open Innovation Loans competition is 29th August and the application deadline is noon on 5th September 2018.

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