Innovate UK has partnered with 11 private investment firms to offer £2 million grant funding alongside equity investment for immersive R&D projects.
It’s estimated that the UK’s immersive industry generates £660 million in sales every year, and that as many as half a million people are employed by companies participating in the immersive economy. Despite this, there is currently a gap in angel and early-seed investment into immersive businesses – a critical point of a new business’s growth.
To help businesses overcome this barrier and boost the UK economy, Innovate UK is working with 11 investor partners to offer simultaneous grant funding and venture capital investment in early-stage projects led by UK companies.
Up to £2 million is available in grant funding, alongside equity investment from the following investor partners:
- Creative England
- GC Angels (GC Business Finance)
- HTC Europe (Vive X)
- London Venture Partners LLP
- Mercia Technologies PLC
- Northstar Ventures Ltd
- Oxford Sciences Innovation PLC
- Station 12
- Techstart Ventures LLP
- Warner Music UK
Find out more > https://www.gov.uk/government/news/new-investment-to-support-early-stage-immersive-businesses
Competition closes 3rd July 2019