Immersive Technology Investment Accelerator – Information for Investors: Br...

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The FuseBox

Level 4 North

New England House

BN1 4GH

United Kingdom

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Description

Innovate UK is inviting UK based investors to partner in the Immersive Technology Investment Accelerator to provide simultaneous grant and investment to UK SMEs developing significantly innovative projects in the immersive tech sector.

This programme launches to investors on the 4th of March and, with Wired Sussex, we are delighted to invite you to a private networking event, to discuss the opportunity amongst your peers.

Specific information on the project scope and application process will be outlined.


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Broad Details

  • Innovate UK will fund a proportion of the R&D being carried out by the company and the investor partner will provide the remaining amount by investing in the company itself
  • Up to £2m of grant funding is available for industrial R&D projects to match fund private investment from investor partners
  • Projects’ total costs can be between £150,000 and £300,000 and they can last up to 1 year
  • Consists of 2 competition stages: stage 1 for investors (March 4th 2019), stage 2 for companies (May 20th 2019)
  • Investors commit to exploring co-investment in the portfolio of projects selected in Stage 2 at 30% for SME / Micro and 40% for middle size companies
  • Regional investor events with immersive community partners and the BVCA in Bristol, Edinburgh, Brighton, London and Manchester will take place throughout February/March

The Model

Investment Accelerator programmes are pilot initiatives from Innovate UK. They aim to provide runway for innovative UK SMEs and materially change the risk profile of propositions in emerging markets by sharing Innovate UK’s independent technical assessment and investor partners’ ability to identify the most promising commercial opportunities and management teams with the highest potential for growth.

The fundamental concept is to make the best-informed funding and investment decisions at the earliest possible stage by working in partnership. We hope to encourage investors into areas they don’t typically invest, while also encouraging wider and additional input from incumbent investors.

More information can be found here.

Audience of the Future ISCF

The Immersive Technology Investment Accelerator is part of the £33m ISCF Audience of the Future Challenge which offers support to innovators, researchers, creators and technologists to create new products and services by adopting, exploiting and developing immersive technologies.

Date and Time

Location

The FuseBox

Level 4 North

New England House

BN1 4GH

United Kingdom

View Map

Refund Policy

Contact the organiser to request a refund.

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