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

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Baltic

Gateshead

NE8 3BA

United Kingdom

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Description

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

This programme launches to investors on the 4th of March. Join us at XRTGO 2019 in Gateshead on April 4th to find out more about how the Investor Accelerator can support investors in the North East. Meet the teams behind the programme from Audience of the Future Challenge, Innovate UK and Immerse UK and have an opportunity to have 1-2-1 meetings and explore the opportunity in more detail.


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Broad Details

  • IUK funds the R&D being carried out by company and investor partners invest in the company itself
  • Up to £2m of funding is available for industrial R&D projects’ total costs can be between £150,000 and £300,000
  • 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 companies 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 will take place in Bristol, Edinburgh, Brighton, Gateshead, London and Manchester throughout February/March

The Model

Investment Accelerator programmes are pilot initiatives from IUK. 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 due diligence. In parallel, investor partners 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

Baltic

Gateshead

NE8 3BA

United Kingdom

View Map

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