News: LIFE-IC part of the Clean Tech Revolution
Based on the Advanced Manufacturing Park, LIFE-IC is the first dedicated business accelerator focused exclusively on new energy economy products and services.
LIFE-IC has joined the the Carbon Trust Incubator Network to help with the delivery of incubation support and help scout for promising low carbon technology companies across the UK.
The expansion of the incubator scheme forms part of the Carbon Trust's Clean Tech Revolution campaign, which aims to make the UK a global hub of low carbon innovation and ensure it reaps the rewards of developing new clean tech industries. Recent Carbon Trust analysis demonstrated the UK could generate up to £70 billion for the economy and almost 250,000 jobs in offshore wind and wave power alone.
The incubation scheme has a track record of preparing start-ups and spin-outs to attract all-important investment, with the 90 companies that have been incubated so far having raised around £86 million in private funding.
The Carbon Trust is on the lookout for 25 new enterprises to the scheme over the coming year with up to £70k of support on offer to each. This covers strategic and business development consultancy, advice on corporate finance, management team recruitment and mentoring, product development, market research and engagement and guidance on intellectual property protection.
Dave Raval, head of the Carbon Trust incubation scheme, said: "The UK has led the development of many low carbon technologies, but we must nurture and harness the UK’s spirit of innovation and ingenuity to generate the maximum economic benefit from the global clean tech revolution. You may have a great technology or service idea, but to make it fly and become a commercial reality, you need a strong business behind you and the know-how to attract investment. The incubator scheme has a track record of turning clean tech innovations into high-growth businesses."
LIFE-IC website
Carbon Trust website
Images: life-ic.com
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