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This loan competition aims to help businesses overcome barriers to scaling up innovation in infrastructure systems. It will do this by enabling them to demonstrate their ideas work as expected in real-world applications with users, and take their solutions to market.
The scheme focuses on smarter, better infrastructure for the growing, ageing population, increased urbanisation and on an urgent need to reduce carbon emissions calls for new and novel infrastructure solutions.
Start-ups and SME’s could get an innovation loan of up to £1 million for a first of a kind deployment of infrastructure technologies. Demonstrator projects must be in one of Innovate UK’s priority areas. These are:
Innovations need different types of funding support depending on how close they are to market. Getting the right funding at the right time can scale up businesses’ productivity and growth. Innovate UK believe that a patient, flexible loan scheme will be useful for innovations that are near to market, where there is less risk involved.
More about the infrastructure systems loan competition:
For more info on how to apply visit: Innovate UK.