Inspiring businesswomen: get funding for your innovation

1 Aug 2018 12:59 PM

There is up to £400,000, mentoring and business support for 8 female entrepreneurs to help them reach their full potential and change the face of innovation.

The Women in Innovation awards are for inspiring female founders, co-founders or senior decision-makers with ideas for making government’s modern Industrial Strategy a reality.

Female entrepreneurs could get £50,000 each plus a package of mentoring, coaching and tailored business support to help them to succeed and inspire a new generation of women to innovate.

It follows an earlier women-only competition in 2016, which saw our award holders build their businesses and challenge the perception of what it means to be an innovator.

Winners included Shakar Jafari, who has developed a radiation detection system for cancer, and Elena Dieckmann of sustainable start-up Aeropowder, one of Forbes’ 30 under 30.

Shakar Jafari of Trueinvivo

Shakar Jafari of Trueinvivo, a Women in Innovation award holder.

Fanzi Down, Commercial Director at DPS Designs and a previous award holder, says:

So many women - myself included - don’t self-identify as innovative, preventing them from stepping forward for transformative opportunities like this.

I’d challenge any woman with a vision to apply, to discover what reaching their full potential could really mean for them.

While the number of UK women engaging in entrepreneurial activity was found to be around half the level of men in a 2017 report, encouragingly Innovate UK has seen a 70% increase in registrations for funding from women since launching the campaign.

Meet the first Women in Innovation award holders.

Taking on the biggest challenges

In this competition, we are looking for female innovators who are tackling some of the biggest issues facing society. They should be focused on one of the 4 Grand Challenges:

There will be 2 awards for each challenge area.

Could you be a role model?

A lack of role models was identified as one of the main barriers stopping women applying for funding to develop their ideas.

We want to change that and encourage even more women to apply. So, we want applicants that:

Find out more about our approach to diversity and inclusion in business innovation.

Competition information

Find out more about the Women in Innovation competition and apply.