Innovate UK Scaleup Pilot

Scaling materials, manufacturing, mobility, clean growth
and infrastructure systems companies

 

There’s never been a better time to start a business in the UK. But it’s just as important that the support doesn’t drop off a cliff once a business has taken off and started to grow. In fact, that’s exactly when we need to nurture them the most.

That’s why Plexal has been commissioned by Innovate UK, the UK’s innovation agency, to identify and support firms that have the potential to scale in specific sectors.

The pilot will focus on early-stage businesses in the materials, manufacturing, mobility, clean growth and infrastructure systems. As well as creating jobs and economic growth, these companies are defining what we make, the way we move people or goods and how we power our cities. And it’s these innovative businesses that have the potential to tackle our biggest societal challenges, from ageing populations to climate change.

 

Innovate UK Scaleup Challenge

About the pilot

 

Our pilot is aimed at understanding the needs of these companies in specific sectors. We’ll then use those insights to provide bespoke support that helps them address the biggest challenges.

The Innovate UK Scaleup Pilot is divided into two parts:

Part 1

 

The first stage, which is already underway, is all about identifying the challenges companies face when they scale.

We’ll use a questionnaire to understand the growth potential of each business and the addressable barriers they’re facing. We’ll also identify trends and challenges across the sectors and at each stage of a company’s lifecycle.

These insights will inform the interventions and practical support we offer during the programme, as well as help Innovate UK learn more about how they can support growing businesses in the future. The information we gather during this stage will be anonymised and shared with all applicants.

Part 2

 

Once the cohort has been confirmed, the final four-month support period will launch on 6 November.

This is when we’ll shape the support offered to help each participating company overcome their unique challenges through mentorship and tailored one-on-one interventions. We’ll also help them make the right connections, whether it’s with an academic institution, industry, a fellow scaleup or a public sector organisation that’s crying out for their service or product.

Plexal

Learn more about Plexal's innovation services team

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Mentors, corporates and funders: how to get involved

 

CORPORATES

We encourage corporates interested in engaging with innovative companies in the materials, manufacturing, mobility, clean growth and infrastructure systems sectors to get involved in the pilot.

Opportunities range from sponsorship and support to potential partnerships, commercial relationships and investments.

Contact us at iuksup@plexal.com to get involved.

INVESTORS AND FUNDERS

Investors looking for supported, high-calibre, high-potential businesses in the materials, manufacturing, mobility, clean growth and infrastructure systems space can explore investment opportunities with cohort members.

Please get in touch at iuksup@plexal.com

MENTORS

Our cohort members are gearing up for growth but need some support from scaleup and industry professionals.

If you’re able to support an organisation while building your knowledge of the latest developments in the sector and engaging with peers, corporates, Innovate UK and Plexal’s networks, do get in touch at iuksup@plexal.com