Eligibility:

• The project must lead to innovative products, processes, services, or propose innovative business models significantly ahead of current market offerings.
• Focus must be on one or more of the future economy areas in Innovate UK’s action plan, including Net Zero, Health and Wellbeing, and Next Generation Digital Technologies.
• Applicants must show the need for public funding, ability to cover interest payments, and the capacity to repay the loan.

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Key evaluation criteria:

• Innovative potential of the idea
• A deliverable business plan with market potential
• Skilled team and robust risk management
• Financial plans that show ability to repay

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The loans can support activities like prototyping,testing, demonstration, and validation in real-lifeconditions.

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Inclusivity:

Applications are encouraged from underrepresented communities including businesses outside of London, Oxford, and Cambridge,as well as ethnic minority groups, women, and people with disabilities.

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Restrictions:

This loan does not cover grant funding,marketing, or sales activities.

CTA: If you think your innovative project fits the criteria, contact Inventya for assistance with your application!

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