The first Women in Innovation awards launched in May 2016 following research that found only 14% of applicants to Innovate UK funding competitions were women. The first competition saw 15 female entrepreneurs from a range of different industries receive £50,000 and a tailored business support package, with a further 16 receiving a tailored package of business support.
Pauline Dawes, CEO/ Founder of SOMI Trailers, Women in Innovation 2016 award holder
“All in all, it was life-changing for me and SOMI Trailers. The media exposure and events promoting the project were wide ranging. We’ve had worldwide interest in SOMI trailers following Women in Innovation Award, with huge export potential.”
Not only did the competition have a significant impact on the ideas and businesses of the award winners, since then the number of female applicants to Innovate UK funding has increased by 10%.
The second round of awards opened for applications in July 2018 and winners were announced on International Women’s Day 2019 (8th March). As partners, KTN delivered skills-based training, events and workshops to support this important initiative.
Alongside the competitions, KTN has been running Building Success events around the country to widen support for female innovators , more details will be published shortly on upcoming ones. Click here to see the recordings from our Women in Innovation: Building Success in the North West event and here for more information on the series.
Learn more with our webinar series. The Building Success webinar series is designed to provide a convenient way for women innovators to access knowledge and expertise on a number of key business areas. Click here for more.
Department for Business, Energy and Industrial Strategy announced a third phase of the Women in Innovation Awards competition, alongside a dedicated support programme, continuing its commitment to encourage female-led innovation. The 10 chosen innovators will each receive £50,000 business funding and a package of bespoke support to help grow their business and boost the UK economy. For more information, click here.
Read Innovate UK’s Women in Innovation blog to keep up to date with the progress of award winners and news regarding the current programme.
Innovate UK has also launched a community for Women in Innovation on WorldLabs, an innovative platform designed to support and encourage entrepreneurial growth. Click here and become a member for free today.
Get in touch with KTN’s Women in Innovation team: