Up to £200,000 and a package of tailored support is up for grabs, for businesswomen who have exciting ideas and the potential to become leaders in innovation and deliver significant economic growth.
This is the first women only Innovate UK competition and is part of a new ‘infocus’ initiative to encourage diversity in innovation.
Each of the 12 finalists in the competition will receive a package of support tailored to their needs, and the four winners will each receive £50,000 to support their innovation project or activities.
Harnessing the talent of women entrepreneurs could significantly enhance UK economic growth.
Recent reports show men are three times more likely to own a business with employees (Women entrepreneurs in the OECD 2013) and that women are half as likely to start a business (RBS Inspiring women in enterprise).
Several well-known business leaders have agreed to act as ambassadors and mentors including:
Awards will be spread across the four sector areas supported by Innovate UK: