UK financial creative
IC tomorrow, Innovate UK’s digital innovation programme, has launched a financial technology contest to enable SMEs to test new ideas in partnership with the likes of American Express, Accenture, Lloyds Banking Group, the Department for Business Innovation and Skills with RBS Group, Money Advice Service and Experian. Five firms will be awarded up to £35,000 each for digital innovations across themes such as education, cyber security and personal finance.
In addition to the funding and business partnerships provided by the contest, the winning entrepreneurs will retain 100% of their IP. Successful applicants will receive promotion, support and advice to speed up their ideas to commercialisation.
“This collaborative contest aims to support and accelerate [entrepreneurial] growth by providing commercial introductions to industry leaders,” says Matt Sansam, programme manager at IC tomorrow. “It also enables UK-based global players to harness the creativity of start-ups and help bring their ideas to market.”