Industrial Strategy Challenge Fund (ISCF) Commercializing Quantum Technologies
Commercialising quantum technologies: opportunity to invest
Key points…
+ The UK government’s Industrial Strategy Challenge Fund (ISCF) Commercialising Quantum Technologies Challenge is a £153 million investment in projects that will help the UK to lead the world in development of these new technologies. Innovate UK, as part of UK Research and Innovation, has up to £12 million from the fund to invest in innovative research and development projects in the field. It is seeking investors willing to partner it by helping to find suitable businesses, managing the grant allocation and investing their own private equity capital.
Innovate UK as part of the Industrial Strategy Challenge Fund (ISCF) has up to £12 million to invest in innovative projects exploiting new quantum technologies and is seeking private investment partners to join it.
+ The aim is to improve access to financial and commercial support for SMEs developing innovative quantum technologies.
+ Innovate UK is seeking investors that:
(1) demonstrate the interest, capability and capacity needed to invest in early-stage companies, including university spin-outs and businesses looking for their first investment opportunities
(2) demonstrate the ability to add value beyond their investment
(3) commit to helping the company grow and scale
(4) have access to relevant sector and technology-specific expertise.
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