{"id":90368,"date":"2018-03-26T11:21:14","date_gmt":"2018-03-26T11:21:14","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=76015166a3ecd05bc02cc170e1d14d8e"},"modified":"2018-03-26T11:21:14","modified_gmt":"2018-03-26T11:21:14","slug":"news-story-develop-game-changing-ideas-apply-for-an-innovation-loan-2","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=90368","title":{"rendered":"News story: Develop game-changing ideas: apply for an innovation loan"},"content":{"rendered":"<div class=\"govspeak\">\n<p>Innovate UK has up to \u00a310 million in innovation loans for UK small or medium-sized enterprises (SMEs) to carry out highly-innovative, game-changing projects.<\/p>\n<p>Innovation loans will be made available through Innovate UK Loans Ltd, a wholly-owned subsidiary of Innovate UK.<\/p>\n<h2 id=\"the-best-disruptive-ideas-and-concepts\">The best disruptive ideas and concepts<\/h2>\n<p>In this loan competition, we will offer innovation loans for the best and most disruptive ideas or concepts. These should have a clear route to commercialisation, create growth for the business and the UK economy.<\/p>\n<p>Projects must aim to develop new products, processes or services that are ahead of others in the field and be classified as late-stage experimental development.<\/p>\n<p>Ideas can be in any technology area, including the arts, design, media and creative industries.<\/p>\n<div class=\"call-to-action\">\n<p><a href=\"https:\/\/www.gov.uk\/government\/collections\/innovate-uk-open-funding-programme\">Find out more about Innovate UK\u2019s open programme<\/a>.<\/p>\n<\/div>\n<h2 id=\"about-the-innovation-loans-programme\">About the innovation loans programme<\/h2>\n<p>Innovation loan competitions are being run as part of a 2-year pilot programme.<\/p>\n<p>The programme recognises that innovations need different types of funding support. It offers flexible, low-interest loans for innovation projects that are nearer to market than those which typically receive grant funding.<\/p>\n<p>This is the third of 5 loan competitions. A total of \u00a350 million will be made available.<\/p>\n<div class=\"call-to-action\">\n<p><a href=\"https:\/\/www.gov.uk\/guidance\/innovation-loans-what-they-are-and-how-to-apply\">Find out more about innovation loans<\/a>.<\/p>\n<\/div>\n<h2 id=\"loan-competition-details\">Loan competition details<\/h2>\n<ul>\n<li>the loan competition will open on 9 April 2018, and the deadline for registration is midday on 6 June 2018<\/li>\n<li>you could get an innovation loan of between \u00a3100,000 and \u00a31 million<\/li>\n<li>your project must be late-stage experimental development and last up to 5 years<\/li>\n<li>up to 100% of your eligible project costs are available<\/li>\n<li>only single, UK-based SMEs can apply<\/li>\n<li>there will be a number of briefing events throughout April and May 2018 all across the UK<\/li>\n<\/ul>\n<div class=\"call-to-action\">\n<p><a rel=\"external\" href=\"https:\/\/apply-for-innovation-funding.service.gov.uk\/competition\/136\/overview\">Get more information on the loan competition and apply<\/a>.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>UK SMEs can apply for a loan for a late-stage innovation project as part of Innovate UK\u2019s \u00a310 million open competition.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/90368"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90368"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/90368\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}