Sponsoring Agency: Rothamsted Research
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/03/2021
Size of the Fund: USD $50,000 to $500,000
SHAKE is looking for Founders (or co-founders) of early stage ventures with exciting, original, and viable business ideas in agriculture and food production.
Shake Climate Change uses a return on investment venture funding scheme. Start-up funding is provided in Phase 3 of the programme in the form of a convertible, interest-free loan. Equity investments may also be considered, although only for companies that are more advanced or require capital to overcome short-term, growth barriers. In such cases, the Programme will call on external investment advice as needed to agree companies’ valuation and suitable equity investment structures. Prior to entering Phase 3 all the participants in the programme will be asked to review and approve to the terms of an investment agreement.
o Start-up funds of up to £140K
o Three years of training and mentoring
o Access to leading science, tech and business experts
Note: The financial support provided by the programme is to cover start-up operating cost such as the cost of building a prototype demonstrators, outsourcing software, hardware or other development; conducting customer trials and interviews; patent filing; marketing related cost; staff costs, etc. No additional grant is provided in support of salaries or any other expenditure. These costs will have to be managed and funded from the single funding allocation provided to each team or individual funder.
Eligible start-up companies must meet two criteria:
• Start-up companies that target the agriculture sector with an innovative idea and new products and services that deliver a tangible, positive impact on climate change.
• be incorporated in UK (registered with Companies House).
More information at: http://www.shakeclimate.org/