immersive technology investment accelerator

Creative England is an Investor Partner in the Immersive Technology Investment Accelerator: phase 2, SME projects

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The Immersive Technology Investment Accelerator provides simultaneous grant funding and venture capital investment for early stage projects. It works in a unique way; Innovate UK funds the R&D being carried out by companies, while Investor Partners invest in the company itself.

The Immersive Technology Investment Accelerator

Stage 2 of the Immersive Technology Investment Accelerator programme sees it opening for applications from UK-based SMEs. Up to £2m is available for UK creative and tech businesses to undertake R&D projects that enable immersive content to be created faster, more efficiently or in new ways.

Innovate UK will fund:

  • up to 70% if you are a micro or small business
  • up to 60% if you are a medium-sized business

So, if you’re a UK-based SME, looking for funding for your innovation, find out more about Innovate UK funding here.

This grant funding can be used alongside equity investment from the Investor Partners.

As an Investor Partner Creative England is looking to invest commercial investments alongside this competition. 

Creative England is seeking to invest in immersive technology-based businesses through equity or convertible loan investments. Creative England can invest between £50,000 and £100,000 for this fund.

Please note that recipients of the Creative England investment funding need to separately secure funding through the Immersive Technology Investment Accelerator: phase 2, SME projects completion as match. Therefore two applications will need to be made, separately: The Innovate UK application and the Creative England application.

Who is it for?

Immersive Technology businesses in the English regions, projects focusing on one or more of the following:

  • enhancing, extending or transforming the immersive audience experience
  • new immersive content production tools, software and systems
  • VR, AR and other digital technologies to deepen and enrich the immersive experience

Businesses need to:

  • have growth potential, scalability and an innovative approach
  • have an experienced management team
  • create or safeguard jobs as a result of the funding
  • have match committed from Innovate UK, following a separate investments process info here

For more information on who can and cannot apply to Creative England, please read our Guidelines.

How to apply:

We recommend that you familiarise yourself with the supplemented guidelines for Creative Funding and the competition for Immersive Technology Investment Accelerator: phase 2, SME projects. If you have any further queries, please direct to Matt Browning at matt.browning@creativeengland.co.uk.

Apply now

When is the deadline?

Applications to Creative England will be open until 19th July 2019, however please note the deadline for the Innovate UK competition will close Wednesday 3rd July 2019 at 12:00.

 

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