Skip to content
    • About us
          • Digital Catapult is a deep tech innovation organisation driving business value by accelerating the application of advanced technologies.

            3,000

            Companies supported since 2018

            £555m

            Investment raised by startups since 2018

            20+

            Advanced technology facilities nationwide

    • Our ambition
          • Our ambition is to realise the practical application of deep tech through four interventions

            ambition-scale-deep-tech

            Enabling UK deep tech companies to scale

            ambition-improving-supply-chain

            Improving UK industrial supply chain resilience

            ambition-decarbonisation

            Driving industrial decarbonisation

            ambition-advancing-data

            Advancing UK development and use of data driven and open future networks

    • Our people
          • susan-bowen

            We are an organisation made up of almost 300 innovators.

            We pride ourselves on the skilled and talented people from varied backgrounds that make up our team – we harness the expertise, perspectives and connections of people of more than 40 nationalities, thereby bringing together a diversity of skills, experience and backgrounds.

            Susan Bowen

            CEO of Digital Catapult

    • Our places
    • Startups and scaleups
          • bfp cover

            Black Founders Programme

            The Black Founders Programme is an accelerator targeted at pre-seed or seed stage, Black-founded companies creating innovative products and services...
            ORCA-020

            Quantum Technology Programme

            Separating opportunity from hype to understand industry challenges that may be best solved by quantum computing.
    • Government and Public sector
          • 3d,Illustration,Of,Hydrogen,H2,Molecule,Model,-,Clean,Energy

            Hydrogen Innovation Programme

            Discover more about the the Hydrogen Innovation Initiative and the deployment of hydrogen technologies to address pressing energy and environmental...
            London,Office,Building,For,Network,And,Future,Concept

            Digitalising Energy Programme

            Energy Systems Catapult and Digital Catapult have partnered to explore the groundwork for a UK-wide initiative to accelerate a digitalised,...
          • Banner website digital twin 3

            UK Digital Twin Centre

            Delivered by Digital Catapult and funded by Belfast Region City Deal and Innovate UK, the UK Digital Twin Centre makes digital twins more accessible and meaningful in the UK. It actively enable industries and innovators to safely embrace, explore and realise their dynamic power.
            Find out more UK Digital Twin Centre
    • Corporates and Industry
          • Transparent,Clear,Colorful,Glass,Or,Liquid,Waves.,Neon,Pattern,Abstract

            Green Hydrogen Certifier

            This report looks at the Green Hydrogen Certifier - an end-to-end demonstration of a potential digital certification solution for hydrogen production...
    • Academia
    • Investors
          • bfp cover

            Black Founders Programme

            The Black Founders Programme is an accelerator targeted at pre-seed or seed stage, Black-founded companies creating innovative products and services...
    • Services
          • Bespoke software & data systems

            Developing proof-of-concept demonstrators to showcase the viability and benefit of deep tech solutions.

            Platform engineering service

            Designing, building and operating physical and digital facilities. Providing testbeds for deep tech discovery and experimentation.

            Technology & innovation consultancy

            Consultancy services helping organisations addresses market preparedness gaps, evaluate financial viability and navigate technology change management.

          • Acceleration programmes for business

            Creating acceleration programmes to support businesses.Helping them grow through mentorship, technology support, networking, and investment opportunities.

            Facilitating and convening

            Bringing together and developing ecosystems of companies to explore, test and demonstrate how deep tech works in practice.

    • Technologies
    • Facilities
    • Opportunities
          • newsletter

            Sign up to our newsletter

            sign up for alerts and be the first to know when new open calls are announced. Don’t miss your chance to stay informed and get involved!

    • Current interventions
          • ORCA-020

            Quantum Technology Programme

            Separating opportunity from hype to understand industry challenges that may be best solved by quantum computing.
          • Banner website digital twin 3

            UK Digital Twin Centre

            Delivered by Digital Catapult and funded by Belfast Region City Deal and Innovate UK, the UK Digital Twin Centre makes digital twins more accessible and meaningful in the UK. It actively enable industries and innovators to safely embrace, explore and realise their dynamic power.
            Find out more UK Digital Twin Centre
    • Case studies
          • Black Founders Programme Showcase event.

            SymphoMe: case study

            Part of the FutureScope's Black Founders Programme, Digital Catapult supported Nyangibo Gallery to get investment ready and receive business expertise
    • Events
    • Blogs
    • Publications
          • Glass globe encircled by verdant forest flora, symbolizing nature, environment, sustainability, ESG, and climate change awareness, generative ai

            Get involved

            Be the first to know about upcoming resources, events and activities in the BridgeAI programme.
            Glass globe encircled by verdant forest flora, symbolizing nature, environment, sustainability, ESG, and climate change awareness, generative ai

            The Programme

            Find out more about how the Innovate UK BridgeAI programme and how it aims to stimulate the adoption AI and...
    • Press releases
  • Search
  • Contact
Press Release

New Government Future Fund announced for innovative startup and scaleups

Posted 20 Apr 2020

Digital Catapult welcomes the Government’s announcement of a new £750m fund to be managed by InnovateUK to support innovative businesses in R&D as well as an additional £250m provision through the British Business Bank to support the UK’s startup and scaleup ecosystem.

Dr Jeremy Silver, CEO, Digital Catapult, says: “This contribution will significantly support many of the UK’s fastest growing businesses and is recognition of how innovation and technological creativity will be key to accelerating growth and aiding recovery. In the past year, Digital Catapult’s programmes in key technologies have assisted over 600 rapid growth businesses to raise more than £140m. This additional support is essential to maintaining the UK’s leadership in its high growth business ecosystem, leading Europe in the innovation economy, supporting the creation of new high-value jobs and giving a vital boost to the companies who will lead the post Covid-19 recovery.”

Creative Industries Minister Caroline Dinenage said: “The UK’s creative industries are a highly innovative sector and one of our nation’s greatest assets. Together with the financial support already announced, this new funding will help eligible businesses continue to grow and develop content and services to help our future recovery.”

Janosch Amstutz, CEO, HoloMe said, “The Government’s announcement of the Future Fund is critical to startups like HoloMe. We are a scaling business using AR to enable consumer brand experiences. Growing our funding base is key to our continued growth. We have had a phenomenal few years and aim to continue our upwards trajectory through additional support like this as the economy recovers.”

Tristan Fletcher, CEO, ChAI said, “ChAI has grown extremely quickly. We started with Angel investment and moved to running projects in multiple overseas markets in a matter of months. We recently raised over £1m in investment and the Future Fund will help fast-growing companies like us continue to expand our markets, products and services rather than risking contraction.”

Anthony Karydis, CEO, Mativision, said, “Mativision is pleased to see the Government’s support of high-growth companies like ours. In the past 18 months we increased our sales revenue by 40% and we do not want this progress to be lost. We will continue to build on our successes and with this kind of help available we can continue to grow our business and opportunities for the UK economy.”

The Future Fund will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. Learn more here.