Innovate UK has announced the launch of the latest round of Pitchfest, a fully-funded programme designed to help the UK’s most ambitious and innovative businesses become investment ready and hone their pitching skills.
Applications are now open and to apply you will need to be a UK registered, high-growth potential innovative business with less than 500 staff, interested in internationalisation, and seeking to raise c. £500k of investment (over the next 24 months).
Your business will need to be looking to test your pitch to investors (Business Angel / Venture Capital finance), with a minimum of £100k in turnover / sales pipeline / route to market secured.
Before you start the training, you will get the chance to meet the like-minded peers embarking on the same Pitchfest journey as you, meet your expert trainer, and understand what to expect. You will also have the opportunity to work on your elevator pitch.
A pitch training day will be delivered virtually and will guide preparation of a pitch deck. This will provide an insider’s look at what investors are looking for and how to find them, develop your value proposition, boost your presentation skills, and help you understand investment legals, valuation tools, structure deals and how to fundraise efficiently.
If selected to pitch to investors, you will have two weeks of fine-tuning your pitch deck before delivering a 5-minute pitch for peer-to-peer and trainer feedback in preparation for a 20 minute investor session. This presentation will allow you to gain experience by testing your 5-minute pitch to a panel of investors, followed by a Q&A session and constructive feedback.
Throughout the process you will be supported by an innovation and growth specialist who will help you to fully leverage your completed Pitchfest training through tailored support ranging from access to technical know-how to exploiting IP and entering new markets. The application deadline is 5pm on Monday 13th September 2021 and the following link will take you to the main Pitchfest page:
https://www.innovateukedge.ukri.org/Source-funding-finance-grow-and-scale/Pitchfest
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