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Digital Business Briefing December 2014

A summary of useful funding, support and research for UK digital businesses for December 2014.

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Digital Business Briefing December 2014

  1. 1. Digital Business Briefing December 2014
  2. 2. What is this briefing? • A digest of useful information for UK digital businesses seeking funding and support, updated every month • Brought to you by the following organisations:
  3. 3. Contents • Live public funding calls • Other public funding • Private financing • Other financing mechanisms • Non-financial support for your business • Relevant events • Other information • Useful reports
  4. 4. Live Public funding calls Innovation Vouchers Key feature: Innovation voucher scheme funding for start-up, micro, small and medium-sized enterprises to work with an external expert to gain the knowledge to innovate and grow. Scale: • Up to £5k funding for SMEs Closes: on 21st January 2015 More info on
  5. 5. Live Public funding calls Technology-inspired Innovation – Feasibility Studies Key feature: For proposals that might kick-start the delivery of genuinely new products and services, with substantial and scalable commercial potential. Scale: • For SMEs working on new projects • Will fund up to 75% of project costs up to £25k Closes: on 21st January 2015 More info on
  6. 6. Live Public funding calls Better interactions between people and machines Key feature: Scale: Knowledge Transfer Partnerships designed to help develop new ways for people to interact with machines • For businesses who want to work with an academic organisation • Will fund up to 60% of project costs Closes: on 15th April 2015 More info on
  7. 7. Live Public funding calls Medical Technologies – Launchpad Wales Key feature: Scale: Grant funding to help develop medical technology cluster in Wales. Focuses on medical devices and data. • For businesses who want to develop projects up to £250k • Will fund up to 60% of project costs • Must demonstrate benefit to Wales cluster (based, working with or testing in Wales) Closes: on 10th December 2014 More info on
  8. 8. Live Public funding calls Inclusive Technologies Prize Key feature: Scale: • Up to £50k A tender from Department of Work and Pensions that gives “disabled people equal access to life’s opportunities” • Will fund up to 100% of project Closes: on 16th January 2015 More info on: Inclusive Technology Prize
  9. 9. Live Public funding calls Biomedical Catalyst – Early Stage Awards Key feature: Scale: Funding to develop and test solutions to healthcare challenges – diagnostics, devices and data • Up to £200k project size • Will fund up to 75% of project costs Closes: on 21st January 2015 More info on: innovate UK
  10. 10. Live Public funding calls Biomedical Catalyst – Feasibility Grants Key feature: Scale: Funding to develop and test solutions to healthcare challenges – diagnostics, devices and data • Up to £200k project size • Will fund up to 75% of project costs Closes: on 18th March 2015 More info on: innovate UK
  11. 11. Live Public funding calls - Creative Production Horizon 2020 ICT-19-2015 Key feature: R&D funding of new or emerging technologies (e.g. 3D and augmented reality technologies) for digital content creation to support the creative and media industries and for unlocking complex information and media and interacting with them. Scale: €561,000,000 Opens:15th October 2014 Closes: 14th April 2015 Further info: Horizon 2020 website, UK list of National Contact Points for Horizon 2020 and the Enterprise Europe Networks
  12. 12. Public funding calls – Learning Technology Horizon 2020 ICT-20-2015 Key feature: This challenge encourages public procurement of innovative solutions to address the needs of the digital learning ecosystem in making better use of educational cloud solutions, mobile technology, learning analytics and big data, and to facilitate the use, re-use and creation of learning material and new ways to educate and learn online. Scale: €561,000,000 Opens:15th October 2014 Closes: 14th April 2015 Further info: Horizon 2020 website, UK list of National Contact Points for Horizon 2020 and the Enterprise Europe Networks
  13. 13. Public funding calls – Internet of Things Horizon 2020 ICT-30-2015 Key feature: The evolution of the Internet of Things embedded in Smart Environments and Platforms forming a web of "everythings" has been identified as one of the next big concepts to support societal changes and economic growth at an annual rate estimated at 20%. Scale: €561,000,000 Opens:15th October 2014 Closes: 14th April 2015 Further info: Horizon 2020 website, UK list of National Contact Points for Horizon 2020 and the Enterprise Europe Networks
  14. 14. Live Public funding calls – Cities An integrated future for cities Key feature: large-scale SBRI contracts to encourage new ways of achieving better integration of infrastructure and services across a city. Contracts will be to develop prototypes, must link up cities and will enable users to interact with multiple models to tackle different city problems. Scale: • Contracts of between £1.5 - 2m – 100% funded • Single contract, but able to sub-contract out work Closes: registration closes on 7 January 2015 More info on
  15. 15. Live funding calls "Smart" grants for start-ups and small businesses Key feature: A grant scheme which offers funding to small and medium-sized enterprises (SMEs) to engage in R&D projects in the strategically important areas of science, engineering and technology. Scale: • Proof of market - up to £25k - 60% of project cost • Proof of concept - up to £100k - 60% of project cost • Prototype development - up to £250k - up to 45% of project cost Closes: 29th January 2015 More info on
  16. 16. Live funding calls Cognicity Challenge Key feature: Prize fund in 4 challenge areas of Internet of Things. Winners will get to pilot their projects across the Canary Wharf estate in East London Scale: • 4 X £50k challenge prizes – incubated and developed with support over a 12 week period Closes: 19th December 2014 More info on
  17. 17. Other public funding Funding Central and Finance Finder websites Key features: Online guide to over 4,000 grants, contracts and other forms of finance: • Fully searchable based on finance type, scale and your geographical location • Constantly updated – especially good for businesses seeking charitable or grant funding More info on Funding Central and Finance Finder
  18. 18. Public Investment Nesta Impact Investment Fund Key feature: An equity investment fund investing in social ventures with innovative products or services that are addressing some of the UK’s most pressing challenges. Investments are made in areas that tackle: • the health and wellbeing of an ageing population • the educational attainment and employability of children and young people • the social and environmental sustainability of communities. Scale: between £150k - £1m Closes: on-going More info on Nesta Investments
  19. 19. Private financing Connect Ventures, London – invest in mobile, internet and digital media businesses; invest at the early stage and focus on seed investments; investment size ranges from £200K-£600k Edge Investments, London - specialist investment house focused on the creative industries sector, in particular media and entertainment, which has raised more than £145m since launch Growth Accelerator, Cornwall – provided by some of the UK’s leading growth specialists; works with businesses from a diverse range of sectors; key eligibility criteria include fewer than 250 employees and annual turnover under £40m Index Ventures, London, San Francisco & Geneva – venture capital firm making investments in information technology and life sciences companies, since 1996 they have teamed up with technology entrepreneurs in more than 30 countries
  20. 20. Private financing Ingenious Media, London – a UK media investment and advisory group with operating divisions of Investments, Ventures, Asset Management and Corporate Finance; since 1998 they have raised and invested over £9bn in the media and entertainment, clean energy and real estate sectors Notion Capital, London – invest in B2B Cloud & SaaS companies who have sustained 100% Year-over-Year growth; investment areas include adtech, communications and collaboration tools, ecommerce, enterprise software, fintech and security; portfolio raised over £200m in 2014 Silicon Valley Bank – global bank dedicated to the innovation sector with focus on technology businesses; have supported clients such as Shazam, The Foundry and Cambridge Broadband Networks
  21. 21. Other financing mechanisms – UK’s largest crowdfunding network having launched 1000’s of projects and raised over £2m, platform launched by KEO digital and partners include Nesta and Plymouth University Funding Circle – an online marketplace which allows savers to lend money directly to SMEs; the first site to use peer-to-peer lending for business funding in the UK; as of February 2014 Funding Circle has facilitated £223 in loans to SMEs – a global crowdfunding platform based in the United States; the company’s stated mission is to help to bring creative projects to life; since launching in 2009, 7m people have pledged $1bn, funding 70,000 creative projects Seedcamp is a London based accelerator that provides startups with seed money, mentorship, office space, support over a year long programme.
  22. 22. Launching a new digital business? • The Open Data Institute runs a start-up programme that helps start-ups build business models around open data • Tech City UK offers advice and support to start-ups looking for guidance in and around London. It has just launched its Digital Business Academy. Tech City UK can also endorse visa applications to help recruit talent to Britain. • Innovate UK - IC tomorrow connects start-ups and SMEs with leading commercial partners and investors, through funded contests, events, and strategic matchmaking opportunities. • Transmit Start Ups provide financial support and mentoring to creative and digital entrepreneurs that would not normally be available via traditional banking relationships.
  23. 23. Are you an existing digital business seeking non-financial advice or support? • Nesta runs a creative business mentor network for digital businesses looking to grow • The UKTI offers advice to help with exporting • Tech City UK can help advise on inward investment • The British Business Angels Association can help put you in touch with relevant business angel investors • The Digital Catapult can help you showcase your business
  24. 24. Are you an existing digital business seeking advice or support? • Subsidised costs to work with a specialist to build and deliver business growth – GrowthAccelerator • Use the IP Health check to identify commercial IP in your business • AngelList – helps source angel investors
  25. 25. Personal Data and Trust Network A digital business network to build and nurture a community that brings together industry, the public sector, funders, research organisations and innovators to support the UK in becoming the global leader in trust and responsible innovation with personal data. For more information and to join, visit the Digital Catapult website
  26. 26. Training and skills Develop your skills with these world-class courses: • Training in Open Data from the Open Data Institute • Digital Project Management – via @IABUK • Digital Acceleration – via @hyperisland_uk • Digital training – via @Econsultancy – e-marketing courses
  27. 27. Key events in December • RE.WORK Future Cities - London, 4th-5th December • THINK Cloud Vendors - London, 9th December • Cambridge Wireless: ‘Living in the Virtual World’ - Cambridge, 9th December • The KTN is running workshops across the UK on Solving Urban Challenges with Data • Wired Sussex events – via @WiredSussex • Manchester events – via @McrDig • For all events in and around London, check out Tech City News
  28. 28. Useful reports/ market research • The Scale-Up Report – Sherry Coutu CBE urges the UK to put more focus on growing companies • 2014 Startup Job Trends – from Adzuna and Silicon Milkroundabout, finds that 1)Tech start-ups are paying 26% above the market rate for the best talent 2) their hiring is up 80% • Report of the Digital Government Review – recommends ways to improve trust and engagement between the government and its digital citizens • Over half of UK shoppers now regularly using digital wallets - research by online payment and digital wallet provider Skrill (HQ: Ldn) finds major generational gap in paying habits
  29. 29. Something else we've missed? Please let us know: Subscribe to monthly updates