Turning an idea into a scalable, commercial product is a challenge that faces many entrepreneurs, innovators and SMEs. Developing a new product, new functionality or new customer experience can be difficult and success may not always happen. 97% of hardware startups fail (compared with 70% of tech start-ups).
The UK has world class University research and an outstanding track record when it comes to funding early stage research and innovation. We recognise that by turning more great ideas into products could have significant advantages for our economy and society.
In addition to the usual challenges associated with innovation, start-ups with products that require manufacturing face some additional hurdles such as:
- A diverse range of skills and experience
- A dependence on relationships across the supply chain, with designers, contractors and third parties
- The up-front scale of investment required is significant. Risks must be well managed and the business case compelling.
Having awareness of the key challenges and a strong network are fundamental to success. We can help you find the right people to complement your skills and experience, forge the right connections and act as a critical friend to challenge your thinking through the design to manufacture journey.
To start your journey, read our Navigating The Design to Manufacture Guide.
Innovate UK Investor Partnerships: SME round 4
Opens: 31/08/2023 Closes: 25/10/2023
UK registered businesses can apply for grant funding alongside private investment from selected investor partners.
Innovate UK innovation loans future economy: round 11
Opens: 14/09/2023 Closes: 08/11/2023
UK registered businesses can apply for loans for innovative projects with strong commercial potential to significantly improve the UK economy.
Innovate UK Smart grants: June 2023
Opens: 15/06/2023 Closes: 27/09/2023
UK registered organisations can apply for a share of up to £25m for game changing, commercially viable R&D that can significantly impact the UK economy.
Related Events and Recordings
Women in Innovation 2021/2022 Success Stories
Read the success stories of our 2021/22 Women in Innovation and the personal journeys they’ve been on since winning their awards.