SMEs Transforming food production: Series A Investor Partnership round 2
UK registered SMEs transforming food production towards net zero can apply for a share of up to £5 million in grant support. This must align with a series A investment. The grant funding is from the Industrial Strategy Challenge Fund.
Your project’s total eligible costs must be between £1 million and £3 million. Innovate UK will fund part of this, and you will be able to access a pool of potential investors to cover the remainder.
Innovate UK, as part of UK Research and Innovation, will invest up to £5 million to fund innovation projects in this competition. The grant funding is from the Industrial Strategy Challenge Fund (ISCF) Transforming Food Production challenge.
We will be working with a selected pool of investor partners, who have demonstrated that they have the credibility, capability, capacity, and appetite to invest in innovative, technology-led businesses to align with our objectives in this challenge.
This aim of this competition is to support UK registered micro, small and medium-sized enterprises (SMEs) to transform food production through experimental development projects that are closer to market.
To be offered grant funding your project must:
- be assessed as eligible for grant funding
- be successful in demonstrating how your project meets the overall aims of the ISCF Transforming Food Production Challenge
- have secured aligned investment with a lead investor from the pool
You can view the areas of expertise and investment preferences for the investors.
You can apply for this competition before you speak to an investor.
In addition to investment, the lead investors in the pool can provide you with commercial acumen in, for example:
- market access
Successful UK registered SME’s will receive:
- grant funding from Innovate UK
- aligned investment funding from the programme’s pool of lead investors
In applying you are entering into a competitive process. This competition closes at 11am UK time on the deadline stated.