Innovation Loans Future Economy: Round 18

Fund details

Your proposal must demonstrate: 

• A clearly expressed and compelling innovative idea 

• A robust and deliverable business plan that addresses and shows evidence of market potential and needs 

• A team with the necessary skills and experience to run and complete the project successfully and on time, and take the outputs forward 

• Awareness of all the main risks the project and business will face, with realistic plans to manage, mitigate and minimise the impact of each of these 

• Sound, practical financial plans and timelines that represent good value for money and ability to repay the loan 

• Why you are unable to fund the project from your own resources or other forms of public or private sector funding 

• A clear, evidence-based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion 

Your project must focus on one or more of the following themes or sub-themes: 

• Net Zero  

• Health and wellbeing 

• Next generation digital technologies 

Eligibility 

You must be able to show that you:  

• Need public funding  

• Can cover interest payments  

• Will be able to repay the loan on time  

The overall term of the loan must not exceed seven years. Your application must propose how long your project will last, including the availability and extension periods, and how long the repayment period you are requesting will be.