Is your company an SME?  If yes, you might want to know that loans of up to £1.6m are available to help convert your mature defence innovation (TRL 6 or higher) into a strong business proposition for defence procurement.

The Defence and Security Accelerator (DASA) is pleased to launch a new competition: the Defence Innovation Loan, which has £10 million to lend for innovative defence solutions.

Accessible to SMEs, and with a below market interest rate of 7.4% per annum, the Defence Innovation Loan provides an excellent opportunity to apply for affordable funds to help you bring your solutions into the hands of defence frontline services.

This new opportunity is delivered by a unique partnership between DASA and Innovate UK. It builds upon our goal of helping to convert your mature defence innovation into a viable business proposition that can compete for Defence procurement.

Perhaps an opportunity to dust off your plans and to seek collaboration opportunities via the SW RDSC to get a solid bid in?

Full details are here, on the DASA website.