Investment funding for the most promising early-stage software companies and technology entrepreneurs in the UK.
The programme has a total budget of £37.5 million available for investment. This is a combination of £12.5 million worth of private investment, alongside £25 million from the Government.
Individual venture capital/equity investments of between £250,000 and £2 million will be made into 20 to 30 early-stage technology companies.
The Episode 1 Fund has been set up to invest in the most promising early-stage software companies and technology entrepreneurs in the UK. Firms that have a fully-functioning minimum viable product and some evidence of commercial traction will be targeted.
Companies supported through the Fund must demonstrate a potential to be disruptive in the internet and mobile sectors and have satisfied existing customers to validate the proposition. They should be looking to raise funds of between £250,000 and £2 million in their first institutional round.
Although there are no specific exclusions cited within the programme guidelines, those wishing to apply are advised to liaise with the funding provider in the first instance to discuss eligibility.
The programme is open to applications from innovative entrepreneurs and small companies with operations in the UK, seeking up to £2 million in venture capital finance.
The business may be in its start-up or early stages and should be operating in the technology industry, which includes the software, internet and mobile sectors.
Match funding is not a stipulated requirement of this programme.
The investment should be used to help the business boost its operations, build up sales and possibly explore international trade.
Applications may be submitted at any time.
Frequency: Rolling programme.
Link to guidelines:
The investment will be made once the company has launched its minimum viable product and had several ‘referenceable’ customers.
Further advice and assistance with submitting an application may be sought directly from Episode 1 Ventures LLP.