UK registered micro and small businesses in the creative sector can apply for a package of support to grow their business. This package includes ongoing support from Innovate UK EDGE and funding of up to £25,000 for innovation projects.
Sponsoring Agency: Innovate UK
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 06/16/2021
Size of the Fund: Less than USD $50,000
UK registered micro and small businesses in the creative sector can apply for a package of support to grow their business. This package includes ongoing support from Innovate UK EDGE and funding of up to £25,000 for innovation projects.
Innovate UK, part of UK Research and Innovation is seeking applications for its Creative Industries Fund: Fast Start Business Growth Pilot to provide a package of targeted support for growth so ambitious, creative businesses can reach their potential.
This package is designed to help creative businesses to explore new revenue streams by creating new products, services or IP which respond to changing market conditions.
Your proposal must:
• be from the creative industries or support the creative industries
• focus on a clear opportunity and the proposed innovation to address it
• demonstrate the impact funding and support can have to the growth plan of your business
Your project must:
• offer a clearly innovative and ambitious idea
• be new to your business, with a demonstrable impact to your growth plan
• create a new revenue stream, for example new products, services or IP
• respond to the changing market conditions, such as new modes of audience consumption, or the adoption of new technologies within the sector
• be market ready within 12 months of receiving support
• be able to start rapidly
• represent value for money
Specific Themes
The creative industries are defined by Department for Digital, Culture, Media and Sport (DCMS). Your project must focus on one or more of the following subsectors:
• advertising and marketing
• architecture
• arts and culture
• broadcasting including sport
• crafts
• design
• fashion
• film
• games
• music
• publishing
Funding Information
Your project must:
• have total eligible costs up to £25,000
• end by 31 March 2022
• last between 3 and 6 months
Eligibility Criteria
Lead organisation: To lead a project your organisation must:
• be a UK registered micro or small business
• have not previously received funding from InnovateUK
• be from the creative industries or support the creative industries
• have a demonstrable ambition for growth
• carry out its project work in the UK
• intend to exploit the results from or in the UK
Subcontractors
• Subcontractors are allowed in this competition.
• Subcontractors can be from anywhere in the UK and you must select them through your usual procurement process.
• You can use subcontractors from overseas but must make the case in question 5 for why you could not use suppliers from the UK.
• You must provide a detailed rationale, evidence of the potential UK contractors you approached and the reasons why they were unable to work with you.
More information at: https://apply-for-innovation-funding.service.gov.uk/competition/919/overview
Eligible Countries:
United Kingdom
