Events in Physics
Deadline for registration of interest is 25th September
A briefing event will be held in London 27th August
Innovate UK as part of the Industrial Strategy Challenge Fund (ISCF) has up to 拢12 million to invest in innovative projects exploiting new quantum technologies and is seeking private investment partners to join it. The aim of the partnership is to invest in quantum technologies that would not otherwise be supported within an investor鈥檚 risk strategy and to support innovations that have clear potential to be adopted at scale. Innovate UK is seeking investors that:
demonstrate the interest, capability and capacity needed to invest in early-stage companies, including university spin-outs and businesses looking for their first investment opportunities
demonstrate the ability to add value beyond their investment
commit to helping the company grow and scale
have access to relevant sector and technology-specific expertise
Phase 2 of the competition will see successful investors work with Innovate UKthe ISCF to fund a broad range of SMEs working on promising projects that exploit the new generation of quantum technologies including:
connectivity: techniques for securing data in storage and in flight
situational awareness: this includes autonomous systems, sensors and detectors for the built environment, transport and infrastructure, and imaging and sensing to 鈥渟ee things currently invisible鈥�
computing: transformational computers for solving currently intractable problems
Funded business projects are expected to range in size between 拢250,000 and 拢2 million.
Competition information
the competition opens on 19 August 2019, and the deadline for registration is at midday on 25 September 2019
it is open to equity providers holding a full UK registration at Companies House including charities and trusts with the power to make investments
investors can apply for a grant allocation of between 拢2 million and 拢12 million and must demonstrate they can invest at least an equal sum into companies
a briefing event takes place on 27 August 2019