By Alex 16-01-2021
Design Funding is a new product innovation fund to uncover the UK’s next great inventions.
You can apply now via their website for a chance to win a place on their 20 week bespoke support programme, as well as up to £65,000 investment to help bring your physical product prototype or idea to market.
Design Council Spark is a fund and accelerator that invests in product innovations which are primarily physical. We are looking for individuals/teams with revolutionary product ideas.
Although other funds and accelerators exist to support technology products, there is currently little support for physical products. Design Council Spark is helping to fill this gap.
The programme is unique – it is not for profit. Participants donate 5% of future sales revenue back into the fund, fuelling a movement of revolutionary products for the UK and beyond.
Who should apply?
They are looking for brilliant individuals or teams with revolutionary products or products in development.
This fund is UK focused and is open to anyone based in the UK who has a brilliant product idea that they want to bring to market.
You might have a basic prototype, or a working product that you would like to commercialise. We welcome early stage ideas as well as working prototypes.
Your product prototype or idea should be primarily physical rather than digital, and will be judged against the following criteria:
- Need and market – Does it meet a clear and compelling user or market need?
- Technical feasibility – Can it be developed to at least a working prototype within 20 weeks?
- Business viability – Does the idea show strong promise for how it will generate financial value?
Applicants who want to apply for the Spark Innovation Fund must be aged 18 and over and based in the UK. If you are based outside London you must be able to attend training workshops in London for at least one day every two weeks.