Aims/priorities: The Women in Innovation Awards aim to fund and support women with innovative ideas and ambitious plans that will inspire others. The awards are for female founders, co-founders or senior decision makers working in UK businesses that have been operating for at least one year.
Applicants must be confident, with the support of an award, that they can make a significant contribution to a pressing societal, environmental and/or economic challenge through projects across a variety of innovation areas.
Who can apply? To be eligible for an award, the applicant must be a female founder, co-founder or senior decision maker within a UK registered micro or SME business which has been operating for at least 12 months.
Applications from UK-based social enterprises operating economically will be eligible if they meet all other criteria.
Grant amount: Innovate UK has allocated up to £2.5 million for up to 50 awards at £50,000 each.
The funding will be paid in three increments:
- £33,333 upfront in April 2023.
- £11,667 at the mid-point in October 2023.
- £5,000 at the end of the project on receipt of a completed statement of expenditure by April 2024.
In addition to the grant funding, all award holders will receive a package of mentoring, coaching and business support tailored to their needs.
Projects must start on 1 April 2023 and be of 12 months’ duration.
Application process: The competition opens on Monday 22 August 2022 and closes on Wednesday 19 October 2022 (11:00 BST).
Applications are made online at the programme website.
More details can be accessed here
Deadline: Wednesday 19 October 2022
Contact information: Tel: 0300 321 4357 or Email: support@iuk.ukri.org
Website: Competition overview - Women in Innovation Awards 2022/23 - Innovation Funding Service