Free

ISCF Audience of the Future Challenge Investor Accelerator Investor Informa...

Event Information

Share this event

Date and Time

Location

Location

Digital Catapult Northern Ireland

Ormeau Baths

18 Ormeau Avenue

Belfast

BT2 8HS

United Kingdom

View Map

Event description

Description

March 4th 2019 sees the launch of the next phase of Audience of the Future Challenge with a new co-investment fund which will support the commercial development of significant innovation in the UK immersive tech sector through simultaneous grant funding and venture capital investment in UK creative businesses.

Join us to find out more about how the Investor Accelerator can support investors in Northern Ireland. 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. Register today to attend, places are limited.

logos

About the AoTF Investor Accelerator

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

The Audience of the Future Investor Accelerator is a pilot programme from Innovate UK. The programme aims to provide the runway for later stage capital and equity investment beyond grant funding, introduces new investors to the growing UK Immersive tech market place and supports existing sector investors to invest earlier in R&D.

How it works

  • The IA provides simultaneous grant funding and venture capital investment for early stage projects:
  • IUK funds the R&D being carried out by company
  • Investors invest in the company itself
  • Consists of 2 competition stages: stage 1 for investors (March 4th 2019), stage 2 for companies (May 20th 2019).
  • Up to £2m of funding is available for industrial R&D projects’ total costs can be between £150,000 and £300,000
  • The Investor Accelerator will fund up to 70% of eligible project costs in grant funding for micro or small businesses (under 50 employees) and up to 60% for medium-sized businesses (50 - 250 employees)
  • 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

To apply, an investor:

  • Must be a UK investor or international investor with a UK office
  • 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
  • Can be a new or incumbent investor in UK creative or immersive businesses
  • We are particularly encouraging new deal flow from the investor partners.
    • Investors may encourage creative and immersive portfolio companies to apply

The IA is aiming to fund UK creative and tech companies who are:

  • Creating and capturing additional value from the production of immersive content, IP or experiences through the application of technology
  • Developing a scalable road map in products, platforms, services, software, hardware and tools in immersive technology.

How to Apply to the AoTF Investor Accelerator:

Investors can make an application and register their interest by completing an IA Investor application form, which can be found on Immerse UK on March 4th 2019.

Deadline for applications is: Midday April 3rd 2019.

If you have any further questions please contact Mairi Dillon at Immerse UK mairi.dillon@ktn-uk.org

A programme of information events for investors is being scheduled around the UK in Febuary and March 2019, find out more on Immerse UK

Date and Time

Location

Digital Catapult Northern Ireland

Ormeau Baths

18 Ormeau Avenue

Belfast

BT2 8HS

United Kingdom

View Map

Save This Event

Event Saved