Rainbow is delighted to be a partner in the Innovate UK (IUK) Investment Accelerator £8.5 million pilot which will fund feasibility studies in health and life sciences or infrastructure systems.
The Accelerator programme will provide an IUK grant and a venture capital investment simultaneously, of up to £150,000. The Accelerator timeline is:
The programme is open to companies which meet the criteria for both the IUK Accelerator and Rainbow Seed Fund’s investment criteria (this includes existing RSF portfolio companies):
We welcome qualifying companies to contact us for an initial discussion. You should do this well before the deadline for submitting your application. You can also contact the other investors in the programme who may have different investment criteria.
The key features of the Innovate UK Investment Accelerator are:
In each case the remaining match funding must be agreed with Rainbow or one of the listed investor partners and be new investment – i.e. additional to any existing match funding capability
Please contact us RSFAccelerator@midven.co.uk for an initial discussion, ideally along with a two paragraph non-confidential summary of what you want the funding for and how you believe your plans fit into Rainbow’s investment criteria.