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Innovation

£40m raised for SW innovators with Innovate UK EDGE in 2021

Since launching in January 2021, Innovate UK EDGE has driven growth across the South West, helping regional innovators to raise over £27m in equity investments and loans, and more than £13m in grant funding.

Ambitious businesses from Penzance to Cheltenham have worked with Innovate UK EDGE Finance Specialists to identify appropriate funding sources, become investment ready and submit...

A tech company

Funding the future of your business - from bank loans to angel investment

FounderCatalyst is a supporting partner for the Tech South West StartUp Studio, a virtual accelerator for early stage tech companies in the South West.

Whether your business reaches its goals in 2 years or 10 years will probably come down to the availability of cash. At one end of the scale you can bootstrap, sweat the business for all it’s worth and insist everyone brings their own...

A laptop

British Business Bank: Funding your startup

All new companies need funding of some sort to get started. So, where can an early-stage business get this support from?

The bank of mum and dad

The first port of call is often friends and family – they know you already and (hopefully) believe in your business. This can be a particularly helpful capital injection for early-stage founders who have no prior track record in business and...

Startups

South West entrepreneurs receive £66m in funding from government scheme

Business owners in the South West have received more £66m from the government's Start Up Loans programme since it was launched in 2012, new figures reveal.

According to the British Business Bank, the state-owned development bank that runs the programme, entrepreneurs across the region have received 7,487 loans in the past nine years. However, at 9% of the total, it is significantly...

'More education' needed to increase crucial funding source for South West start-ups

Start-ups are being starved of a crucial stream of funding because financial advisers are reluctant to recommend their clients invest in products seen as risky investments, a new report claims.

The Seed Enterprise Investment Scheme encourages investors to back early-stage, high-concept businesses by offering generous levels of tax reliefs to compensate for the risks that associated...

Perceptual Robotics raises £1.6m in new funding round

A start-up founded at the University of Bristol has raised £1.6m to fund its growth in the fast-growing renewable energy market.

Perceptual Robotics , which uses drones, advanced robotics and machine learning to provide fully autonomous inspections of infrastructure, starting with wind turbines, has received the funding from the venture capital fund TSP Ventures, impact investment...

Female entrepreneur

Competition opens to support female entrepreneurs from across the UK

Innovate UK , as part of UK Research and Innovation , today opens the Women in Innovation Awards 2021/22.

20 female entrepreneurs across the UK will be selected for the award, which consists of a £50,000 grant and a bespoke package of mentoring, coaching and business support.

The aim of this competition is to find women with exciting, innovative ideas and ambitious plans...

South West tech firms raise £176m in July

Tech businesses in the South West raised £176m in equity funding in July, according to figures from techSPARK.

The investment almost doubled the equity funding raised during June and suggests the region's most promising startups and scaleups are in strong health despite the economic uncertainty caused by 18 months of the coronavirus.

Among those to raise eye-catching...

Prime minister urges pension funds to invest in start-ups to create "big bang"

Britain's pension funds have been urged by the prime minister and chancellor to invest in start-ups to create an "investment big bang" that will boost the economic recovery from the coronavirus pandemic.

In an open letter to the finance industry, Boris Johnson and Rishi Sunak said funds should consider "investing a greater proportion of their capital in long-term UK assets", such as...

A close-up of a female scientist

Women in Innovation Awards 2021/22 set to open

The Women in Innovation Awards 2021/22 funding competition opens on Monday 23 August 2021.

Women with exciting, innovative ideas who will inspire others can apply for a £50,000 grant and bespoke business support.

Innovate UK , as part of UK Research and Innovation, is offering at least 20 Women in Innovation Awards to female entrepreneurs across the UK. The winners will...

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