UK: Faraday Battery Challenge Investment Readiness Programme 2024

The programme will support you to hone your pitch to investors, get a better understanding of the funding landscape, prepare your investment materials and be more confident in delivering a compelling commercial story. The programme will be led by Innovate UK Business Connect with support from the Faraday Battery Challenge as well as expert coaching delivered by Mountside Ventures and Stronger Stories. The programme will provide regular touch points with investors to help you navigate the fundraising process, make new connections and kick start your investment journey.

They focus on developing and championing diversity of talent which they know will create a stronger battery system for the UK. They strongly encourage applications from under-represented groups and female applicants.

Selected SMEs will join a 12 week programme of workshops led by Innovate UK Business Connect and supported by experts and investors including one to one mentoring sessions. At the end of the programme, you’ll have developed an investor pitch, finished your proposition and you’ll have a defendable understanding of your IP, finances and future plans. The programme will culminate in a live showcase event where the cohort will pitch to an audience of investors interested in the battery sector.

Eligibility

• UK based SMEs.
• Organisations active in battery technologies for transport and energy storage.
• Organisations working across the battery value chain (including cell materials and components, cells, modules and packs, recycling & enabling technologies).
• The programme is open to new participants only. If you have participated in the Faraday Battery Challenge Investment Readiness Programme 2021/2022/2023 then you will not be eligible to re-apply.
• They are interested in applications from SMEs in the electric vehicle battery sector that are at a demonstrator stage of development.

For more information, visit Innovate UK.