Without Innovate UK’s funding and encouragement we wouldn’t have progressed so far in such a short time.
Thanks to the iCURE programme (Innovation to Commercialisation of University Research) Dr Kay was able to market test the product concept with over one hundred potential customers and go on to spin out Interface Polymers Ltd from the University of Warwick.
Our grant of £500,000 from Innovate UK provided a huge boost to our working capital just when we needed it
Innovate UK’s funding enabled us to invest in scaling up production of our additives so that we could start selling samples for customer trials and proving the value proposition. It also helped to attract a strong management team and an enviable spread of investors.
The advice received on the iCURE journey focused the team on identifying both the minimum viable product and the quickest route to becoming a self-financing business, without sacrificing any potential long term growth.
With this first success behind us, we are keen to take full advantage of other relevant grant funding opportunities and have already submitted our second application for a substantial collaborative project involving two leading universities and a prominent UK-based manufacturer.
We like the way Innovate UK’s grant monitoring officers give us valuable on-going guidance and advice.
If, like us, you think you might be able to benefit from an Innovate UK grant, you can find out more by going to their website: https://www.gov.uk/government/organisations/innovate-uk
Essential laboratory equipment bought with the support of the iCURE funding programme