Ocean plastic solutions investment accelerator: reducing plastic pollution

Key features: Projects should be aimed at reducing plastic waste and pollution of the wider environment. Applicants must be UK based SMEs, and the work is to be carried out in the UK. You should clearly describe where revenue generation and growth will occur in the UK as a result of the innovation.

Programme: This is an investment accelerator competition providing simultaneous grant funding and private investment from Sky Ocean Ventures for early stage projects led by UK companies.

Award: Up to £1m of grant funding and £1m of private investment is available to support business-led innovation.

Opens: 2 January 2019

Registration closes: No deadline

Closes: 13 March 2019

Support phone number: 0114 236 4457

This is an investment accelerator competition providing simultaneous grant funding and private investment from Sky Ocean Ventures for early stage projects led by UK companies.
 
Projects should be aimed at reducing plastic waste and pollution of the wider environment. Applicants must be UK based SMEs, and the work is to be carried out in the UK. You should clearly describe where revenue generation and growth will occur in the UK as a result of the innovation.
 
Funding
Up to £1m of grant funding and £1m of private investment is available to support business-led innovation.
 
Total project costs should be between £100,000 and £200,000. Projects must start by 1 September 2019 and can last up to 12 months. Feasibility projects, industrial research projects and experimental development projects that have a potential for commercialisation are all eligible for funding.
 
The aim of this competition is to support new scientific or technological innovation to reduce plastics waste and deliver a more circular economy approach to plastic use (including for polymer-based textiles and elastomers).This is to develop solutions that tackle the environmental crisis of plastic pollution in the world’s oceans and could include:
  • scalable innovations along the entire plastics value chain, from material to end of life
  • technology-enhanced business models that foster responsible consumption, driving the circular economy
  • step-change efficiency improvements in the recycling, clean-up and treatment of waste plastics
  • alternative business models which encourage positive consumer behaviour
  • business actions at scale to reduce consumption and waste of single use plastic
 
Scope
Examples of projects that will be in scope:
  • developing new sustainable polymer materials
  • sustainable plastic alternatives
  • alternative business models and supply chains that use less plastic
  • resource usage and design for circularity
  • new product designs
  • technology-enabled models that change consumer behaviours
  • new recycling processes, including collecting, sorting and processing of waste plastics
  • increasing the value of recycled polymers through conversion to new input materials
  • scalable, technology-enabled remedial solutions
 
Projects related to compostable or biodegradable approaches and chemical recycling are also in scope.
 
Out of scope
Projects that cover energy generation from incineration of plastic waste. Projects that are not carried out in the UK.

How can we help?
We have an expert team who specialise in applying for, and securing funding on behalf of businesses. The success criteria for funding is often complex; engaging a specialist team significantly increases your chance of obtaining funding. If you would like to discuss your eligibility, or apply for this funding, contact us at your earliest opportunity.

We continually appraise the market to source the most appropriate funding available to meet our clients’ requirements.  There are numerous opportunities currently available, spanning a range of industries and topics. If you would like to explore the funding available, call us today to speak to a member of the team and to find out how your business could benefit.