192018Jan
£5,000 Innovation voucher up for grabs for SMEs in the food & drink industry

£5,000 Innovation voucher up for grabs for SMEs in the food & drink industry

Inventya are sponsoring the Food Innovation Network’s (FIN) new, one-off competition, which will give micro, small and medium sized food companies the opportunity to secure a grant of up to £5,000.

The competition aims to connect food business and academia to develop innovative ideas to help stimulate productivity and support business growth.

The competition will award a grant of up to £5,000 to at least 10 successful applicants who can either match the grant themselves or develop a new collaboration by affiliating with a partner identified by the FIN and who has agreed to match the grant in kind or in cash.

The grants are provided to support the rapid development of an innovative idea/business opportunity that can demonstrate its practical feasibility in the food and drink sector. As a partner, Inventya will match any winning company who chooses us with £5,000 worth of services, which can be viewed here.

HOW TO APPLY:

To apply for this competition a video and application form must be submitted by 31st January 2018

The competition is being run as a single stage competition with the following requirements:

  • The business must join the FIN by signing up at http://foodinnovationnetwork.co.uk
  • A video pitch (maximum of 2 minutes in duration) which explains and outlines the applicant’s proposal
  • An accompanying one-page proforma written submission supporting the applicant’s video application that expands on the key issues being addressed
  • Applicants with successful short-listed proposals will be asked to present their idea for 10 minutes to a small group of industry experts and government representatives (‘Dragons-den’ format)

If you have any queries about the technical scope of the competition or the application process, please contact the Food Innovation Network on 07931 511641 or email simon.baty@ktn-uk.org

More information and guidance can be found here