Innovate UK Innovation Loans Future Economy: Round 16

Fund details

Proposals 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 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

Specific themes

• Net Zero
• Health and wellbeing
• Next-generation digital technologies > Technology families

Eligibility 

To receive an innovation loan for a new project you must:

• be a UK-registered micro, small or medium-sized enterprise (SME)
• carry out your project from or in the UK
• intend to exploit the results from or in the UK
• give evidence that your business is suitable to take on a loan

Individuals, large companies, not-for-profits, charities, academic institutions, and research organisations are not eligible for innovation loans.