4 reasons to attend an Innovation Loans Competition briefing event

Posted on: 09/07/2019

Innovation Loans are loans of between £100,000 and £1 million for micro, small and medium sized enterprises.

Innovation Loans are loans of between £100,000 and £1 million for micro, small and medium sized enterprises. You can read all about them here. They are designed to help businesses take their highly innovative late stage project to the next level.

In addition to online information about the loans, you can attend briefings in Brighton, London, Sheffield, Warrington, and Birmingham to find out more. You can also sign up for an Online briefing.

But with so much information online (including eligibility criteria and how to apply), you might wonder why you should sign up for a briefing. Here are four reasons:

1 – Get exclusive tips on how to write your application
KTN will be running a session on how to write a compelling project application and share practical tips to make sure you include all of the information that will give you an edge. The best part is that you get to ask your questions, live.

2 – Hear from people who secured a loan last year
There’s nothing better than hearing from people who’ve been there and done it. They will share their experience, how they secured the loan and how it helped their business. They will be joined by Enterprise Europe Network and local members of the innovation ecosystem during a panel. You will get some great practical advice and a good dose of inspiration.

3 РFind out about Innovate UK’s different approach to credit
Innovate UK wants to help innovative businesses that struggle to access finance from commercial lenders or schemes backed by the British Business Bank. The Innovation Loans scheme provides affordable, patient and flexible finance. By attending a briefing (in person or from your computer), you’ll find out about why they are doing it and how it works.

4 – Network with like minded people in your area
If you are attending the briefing in person, you will be in a room full of people like you, working on an innovative project and trying to scale their business. There’s always benefits in talking to each other. You might learn from each other, share tips, help each other out with common challenges… There will also be local representatives from organisations that help people like you.

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