Transforming food production: Series A Investor Partnership Programme: round 2
Investors can apply to partner with Innovate UK to align their investments with up to £5 million grant funding in UK registered SMEs to transform food production towards net zero by 2040. This funding is from the Industrial Strategy Challenge Fund.
Investment opportunity. Projects being invested in will have a total cost of £1m-3m. Innovate UK will provide grants to selected SMEs: your investment must be at least twice the amount of the Innovate UK grant.
Innovate UK, as part of UK Research and Innovation, is inviting investors to partner with us for this Transforming Food Production Series A Investor Partnership Programme. Together we will align Innovate UK’s grant funding of relevant late stage R&D projects alongside your investment in UK micro, small and medium-sized enterprises (SMEs) concerned with transforming food production.
We are seeking investor partners that are looking to invest in high growth potential SMEs that aspire to transform food production towards net zero emissions. The SMEs will be selected in a concurrent competition.
The aim of this programme is to encourage investment in innovative companies with developed technologies that are working towards net zero emission productive food systems. Investor partners must provide wider business skills and experience as well as financial investment.
The Transforming Food Production Series A Investor Partnership Programme consists of 2 competitions:
- This investor partner selection competition, which collates and assesses applications from investors to form an investor pool. This competition is not offering any funding.
- The SME competition, which opens on 18 October 2021. This will be for SMEs to submit project applications for grant support with a clear alignment for private investment.
In applying to this competition, you are entering into a competitive process. The competition closes at 11 am UK time on the deadline stated.