UK's top female innovators set for government cash injection with five-figure funding

The government has today announced plans to support female innovators to scale up their ventures through new funding.

To mark International Women’s Day, Science Minister Amanda Solloway has announced that 40 of the country’s top female innovators will be awarded a cash injection of £50k each.

The entrepreneurs will also receive bespoke mentoring in order to support the launch and scaleup of their business ideas.

Science Minister Amanda Solloway commented: “As we build back better from COVID, it is a priority of mine to continue equipping our brightest female innovators with the tools they need to succeed, while encouraging a new generation of women to come forward and pursue their ambitions.”

“Today we are supporting 40 of our most trailblazing female entrepreneurs, helping them to turn their innovative ideas and aspirations into a reality, creating the products and services that will help improve our lives and boost our economy.”

The new funding is part of the government’s flagship Women in Innovation Awards, delivered by Innovate UK and part of UK Research and Innovation (UKRI), which seeks to boost the number of UK female entrepreneurs.

Emily Nott, head of equality, diversity and inclusion at Innovate UK added: “With 2020 proving to be an incredibly difficult year for everyone, and particularly women, continuing to support female entrepreneurs in 2021 has been a real priority for Innovate UK.

“We can’t wait to see what else these inspiring women achieve and how they can be an example to inspire the next generation and to encourage more women-led businesses in this country as we rebuild and recover.”