iEA, based at the University of Cambridge Hauser Forum, has been established to create and inspire a range of activities that enhance the early stage venture support ecosystem.
Each year, iEA seeks partners with whom to develop a portfolio of projects that build upon the existing activities by establishing effective and creative support mechanisms for ventures with high growth potential in the east of England. This year, a £160,000 grant fund will be allocated to projects that will accelerate the development of early stage innovation based ventures into their next phase of growth.
A maximum of £40,000 will be made available to each partner for the delivery of a project that:
- Accelerates the development and growth of a large number of early stage ventures by enabling them to access tools and resources, either directly (>50 ventures) or remotely (>125 ventures), that would usually be too expensive or difficult for them to use effectively. The impact of acceleration would be measured through increases in headcount, revenue and / or profitability of the venture supported.
- Has the potential to scale up in future years, either directly or by the activity being replicated or implemented by others.
- Has a realistic and identified route to becoming a self-sustaining activity.
If you have any doubt as to the suitability of your proposed project according to the above criteria, but which helps to make a substantial contribution to innovation and enterprise in the East of England, we would also like to hear from you.
iEA will announce a shortlist of projects for further development on 11th April. Shortlisted applicants will be invited to meet the iEA Directors on 16th April in Cambridge to discuss the next phase of the process.
Shortlisted projects will be invited to submit full proposals for consideration by July 2nd with final award announcements being made by 16th July.