Join the 2023 Faraday Battery Challenge Investment Readiness Programme by applying now. Innovate UK KTN is seeking to choose a maximum of 15 SMEs for the programme with the aim of expediting their investment process.
If your small to medium-sized enterprise (SME) is involved in the battery industry and you aim to accelerate your investment efforts, we encourage you to apply. The Investment Readiness Programme will assist you in refining your pitch to investors, gaining a better understanding of funding opportunities, preparing your investment materials, and delivering a compelling commercial story with greater confidence.
Innovate UK KTN will spearhead the programme with support from the Faraday Battery Challenge, in addition to expert guidance from Mountside Ventures and Stronger Stories. Regular interactions with investors will be part of the programme, allowing you to navigate the fundraising process, build connections, and initiate your journey.
The chosen SMEs will participate in a 12-week workshop programme led by Innovate UK KTN and facilitated by professionals and investors, including one-on-one mentoring sessions. By the end of the programme, you will have crafted an investor pitch, refined your proposition, and gained a comprehensive understanding of your financials and future plans.
The programme will culminate in a live showcase event where the cohort will present to an audience of investors with an interest in the battery sector.
Eligibility :
- UK based SMEs
- Organisations active in battery technologies for transport and energy storage.
- Organisations across the battery value chain (including cell materials and components, cells, modules and packs, recycling & enabling technologies)
- The programme is open to new participants only. If you have participated in the Faraday Battery Challenge Investment Readiness Programme 2021 and 2022 you will not be eligible to re-apply.
How to submit your application:
Step 1: Click on ‘Submit Pitch Here’ below
Step 2: Create a new account* by clicking on ‘Need to create an account?’
Step 3: You can now start your application by clicking on the ‘Submit Pitch Here’ button
*this will enable you to save your application before you submit, revisit to modify your application before the deadline, and check the status of your application
Proposed timetable
- Deadline for applications: 5pm, 21st April 2023
- Application review and selection: 24th April 2023
- Cohort “get to know you”: w/c 1 May *(virtual)
- Workshop on Narrative and Storytelling: w/c 8th of May (live)
- Workshop on Funding Options and Strategy: w/c 15th of May (virtual)
- Pitch practice session: w/c 29th May (live)
- Panel to select companies to pitch at Showcase: w/c 7th of June (virtual)
- Showcase of selected companies to UK investors: w/c 10th July (live)
*The dates are subject to change. Additional sessions will be added to address the cohort’s needs; participation in these will be optional. Mentoring support will also be available throughout the programme.
More Information:
For more information and registration, please check here.
RedKnight has a strong track record of securing Innovate UK funding! If you would like help in putting together a competitive proposal, contact us today.
