Bounce Back Loan Scheme top-ups open for eligible businesses
Participating lenders in the Bounce Back Loan Scheme (BBLS) are now able to offer smaller businesses across the UK a ‘top-up’ to their existing Bounce Back Loan if they originally borrowed less than the maximum amount available to them.
The Bounce Back Loan top-up will be available from several large lenders, with other lenders anticipated to make the top-up available in due course.
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Business Acceleration Hub member wins Innovate UK grant
Innovate UK as part of UK Research and Innovation, is investing up to £191 million to fund both single and collaborative research and development projects via the Sustainable Innovation Fund over the next two years. The aim of these competitions is to help all sectors of the UK rebuild after the effects of COVID-19.
Currently the Sustainable Innovation Fund is funding 1,103 projects, 1069 UK businesses and totalling over £130 million in support across the UK.
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Member News | Ceryx Medical secures £575k seed investment
Congratulations to SETsquared Bath member and university spin-out, Ceryx Medical!
Ceryx Medical was formed in 2016 as a result of innovative research undertaken at the Universities of Bath and Bristol. They have been members of the SETsquared Bath Innovation Centre since then and we’ve enjoyed seeing them go from strength to strength.
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University of Bath backs the biggest celebration of digital and tech in the South West
The University of Bath Innovation Centre is partnering with the Bath Digital Festival to offer a fun-packed online programme for the entire family this week, Tuesday 20 October to Saturday 24 October.
From the comfort of a screen, festival goers can learn to code, join an interactive workshop on artificial intelligence, join a masterclass in social media marketing or check out the latest tech.
Our Entrepreneurs in Residence at SETsquared Bath are each hosting their own event at BDF 2020
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COVID-19 | Policy Announcement #6
Centre Director, Brian Prescott shares the latest SETsquared Bath Innovation Centre policy announcement.
I hope you all had the best summer possible given the restrictions and lockdowns that seem to be emerging daily. It’s been clear for a while that we are in a resurgent phase of the pandemic albeit one where thankfully the level of fatalities appears not to be tracking too closely the accelerating infection rate.
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Alumni News | Mayden Academy ranked 6th best coding bootcamp in the world
This is the first year that Mayden Academy has earned a place in the top 50 rankings for their coding course the Full Stack Track, entering straight into a top 10 position. It is one of only two UK-owned bootcamps to make the list. The achievement reflects consistently high standards of success, with only bootcamps with excellent alumni satisfaction (rated at least 4 out of 5 stars) being shortlisted.
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New Research Associate joins the Sustainable Technologies Business Acceleration Hub
The Sustainable Technologies Business Acceleration Hub (STBAH) has confirmed the appointment of Dr Laurent Perge as the newly appointed Research Associate for the business acceleration programme. Dr Laurent Perge takes over from Dr Jason Camp who had held the post for 2 years.
Laurent will be responsible for continuing to build the relationships between SMEs and the University of Bath, which will involve undertaking technical business development and engagement activities as well as research project development associated with the programme.
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Bath Unlimited goes live
A new website celebrating and promoting Bath and North East Somerset’s dynamic, successful, world class companies and their talented employees has been launched today.
www.bathunlimited.org details and promotes the achievements of some of the area’s biggest and most successful companies. It forms part of the ‘Bath Unlimited’ campaign designed to support ‘Invest in Bath’ in attracting new inward investment by increasing awareness of the area’s flourishing businesses and promoting the wealth of talent and expertise in the local workforce.
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£8m to create post-covid workforce of the future
Workforce for the Future is a free service that will help small and medium-sized enterprises (SMEs) to identify and address their skills needs, by upskilling and retraining employees, in areas such as digital, or support them to source and bring in new staff, including apprentices or work placements to drive their business forwards.
The programme – led by WECA and co-funded by the European Social Fund (ESF) – will help SMEs develop their workforce, looking at current and future needs.
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Alumni News | Tumelo join forces with Legal & General
We are very happy to share the news that SETsquared Bath alumni member Tumelo, a sustainable fintech firm, has partnered with Legal & General Investment Managers (LGIM) this week.
With Tumelo’s unique platform, hundreds of thousands of LGIM pension members will be able to see which companies they have in their pension. They will also have a say on issues they care about at those companies such as climate change, gender equality, and human rights.
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Coronavirus loan schemes and the Future Fund extended to 30 November 2020
The Chancellor of the Exchequer yesterday extended the government’s three Coronavirus business interruption loan schemes.
The Coronavirus Business Interruption Loan Schemes and Future Fund are designed to support UK businesses that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak.
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Business Growth Consultant joins acceleration hub
The Advanced Engineering Business Acceleration Hub welcomes Sean Devane as a Entrepreneur in Residence at SETsquared Bath. Sean has over 25 years of experience in Product Development and Innovation, working internationally with start-ups, SMEs and global companies.
The Advanced Engineering Business Acceleration Hub (AEBAH) is a three year programme which provides bespoke business support to startups and SMEs who have a connection with the West of England. The programme is funded through the European Regional Development Fund (ERDF) and offers 12 hours of business support which could lead onto research opportunities with expert academics through the University of Bath.
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New Business Innovation Fund - now open
SME funding and support to bring new products and services to market
Research, development and innovation can help your business adapt for the future and get ahead of the competition, create new products, processes and services to reach new customers, and improve sustainability.
The West of England Combined Authority’s Business Innovation Fund provides SMEs with tailored support to bring new products, services and processes to market.
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Current Investment Opportunities
Take a look at the current investment opportunities available to members of SETsquared Bath.
These are shared via TechSpark and are not hosted by SETsquared Bath
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Job opportunities with Tumelo in Bristol
SETsquared Bath Alumni members, Tumelo, have three full-time vacancies available in central Bristol.
Tumelo was established at Cambridge University, where the founders campaigned for the sustainable investment of their university’s £6 billion fund.
They recognised a global problem: Millions of ordinary people contribute to the investment system through ISAs, workplace pensions, and other investments yet have no visibility over where their money is going and no voice at the companies they own through those investments. The result? A society that is disengaged and an investment system that is broken.
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COVID - 19 | Policy Announcement #5
Please ensure you have read July’s Coronavirus policy announcement from the SETsquared Bath Innovation Centre.
Continue to work from home where possible
Observe social distancing and risk assessments if you must visit the centre
Further information will be released once we have it from the University of Bath.
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DBAH Case Study of Kinderly | EdTech Startup
Bath based member of the SETsquared Bath Innovation Centre edTech company, Kinderly, is an award winning online subscription platform that offers support for early years professionals (EYP’S) and childcare settings providing help with the foundation for children’s learning.
Kinderly's mission is to give every child a great start in life, no matter what their social or economic circumstances.
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SWCTN Data Prototype Funding Call is now open
The South West Creative Technology Network (SWCTN) are aiming to fund ideas for prototypes in the field of Data that are brave and distinctive, that open up the field to new voices and challenge the status quo.
SWCTN are interested in collaborative working practices, and in alternative business models. They want to grow creative businesses across the South West.
SWCTN anticipate awarding grants of between £10k and £40k, and would encourage applications of all sizes between these limits.
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Proposal for city centre innovation centre gets £300k boost
Last week’s announcement of the approval of outline proposals for a new facility, designated I-START, to be located on Bath College’s City Centre campus is welcome, exciting and timely news indeed in these challenging days. The facility heralds a new, collaborative and progressive approach between the two Universities of Bath and Bath Spa, Bath College, Bath & North East Somerset Council and the West of England Combined Authority (WECA). WECA is providing a £300,000 boost to the next stage of the design and development effort.
The ambitious plan is to create a radical new incubation space to include the SETsquared Innovation Centre, the Institute of Coding and spaces for research and knowledge exchange and is a clear statement of intent, designed to enhance the future prospects of the City. It will provide flexible support for startups, collaborations, skills development and attract inward investment in the digital and creative economy, robotics, social science and the arts. Bring. It. On.
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MSDUK Innovation Challenge 2020 - application deadline extended
If you are a business led by an ethnic minority founder or entrepreneur, this is your chance to showcase your innovation and pitch to global brands and investors.
For successful applicants, the competition includes pitch preparation, judged rounds where you pitch directly to a panel of global brands, investors and entrepreneurs, receiving valuable feedback.Get your ideas in front of global brands and investors. Apply for the MSDUK Innovation Challenge today to bring your ideas to the front, get noticed by industry and the business world and win exciting prizes that will help you bring your ideas to life. Previous prize winners have been offered scholarships to attend Ivy League Business School, corporate mentoring and product introductions.
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