Following the achievement of ultimate year’s inaugural Seed Capital funding Fund, The Dyers’ company are thrilled to release the Fund for a second 12 months. This initiative is designed to support innovation and the commercialisation of commercial enterprise thoughts inside the colouration enterprise. The closing date for packages is fifteenth December 2023.
The Dyers will bear in mind preliminary equity investments of as much as £25,000 consistent with assignment for fledgling groups and marketers looking for to transform their innovative thoughts into a hit companies. The initiative is relevant to a sizable range of industries/activities with a connection to coloration and colouration such as color chemistry and technological know-how, food era, healthcare (e.g., scientific dyes), engineering, sustainable dyeing, textiles manufacturing for style and interiors and lots extra.
through the years it was hoping that this fund would decorate the financial impact of colouration inside the United Kingdom via the advent and ongoing aid of new groups, providing essential sources and mentoring for coloration and colouration practitioners from throughout industries.
historically, The Dyers’ business enterprise has supported academics and college students in their subject with grants, bursaries, and economic prizes. this can be maintained, and this initiative extends that assistance to folks that may be seeking out approaches to take the next step in their careers. The Dyers’ employer Seed Capital Investment Fund is provided in trade for a minority fairness stake inside the enterprise.
Martin Lane, Clerk of The Dyers’ corporation states: “The Dyers’ enterprise supports the UK dyeing industries by selling innovation, technical training, and sustainability. This builds on the paintings of the agency in preceding centuries, to uphold the best standards across the craft and industry of dyeing. This fund enforces those historic links with the industry, as we aid the ones at the vanguard of new technology.”
Recipients of the inaugural round of funding had been SAGES London, a London-primarily based begin-up using plant waste to create sustainable dyes, and Loom and Strength, a Cotswold-based totally organization centered on developing new technology in the discipline of fibers and materials.
Tom O’Haire, Director at Loom and Energy says: “We’re using the investment in our journey to broaden a brand new method for dyeing yarn which increases design freedom and has a lower carbon and water footprint. Following an interesting consultation with the committee we were thrilled to be successful in securing seed investment from The Dyers’ organisation. This has been a real catalyst for our commercial enterprise and has enabled us to spend money on equipment and substances to similarly increase our dyeing technology and boost our plans substantially. From right here we hope to be producing our first income making use of our technology inside the next sector, marking a great milestone in our adventure.
long term, we’re looking to entice similar project capital and angel traders in a much broader investment spherical to help construct and scale our capabilities. this may enable us to have an actual effect on the industry and reduce our collective footprint. The Dyers’ business enterprise is now with us on this adventure, and we sit up for further interactions with the committee and the wider agency.”
Emily Taylor, director at SAGES: “The Dyers enterprise Seed investment has been essential to SAGES’ ongoing development. It has allowed us to gather key portions of gadgets, that have in flip, allowed us to complete innovative R&D into the commercialisation of our dyes. The investment has acted as validation of our endeavors and has given us confidence in pursuing our dreams of making commercially feasible dyes from meal waste. we are very grateful for the help and are looking forward to continuing our courting with The Dyers’ company as our business grows.”
Timings
The Dyers’ business enterprise Seed Capital Investment Fund is organised in a two-stage manner. degree one is web software, and entries could be open till the fifteenth December 2023. these will then be reviewed by using a vetting committee along with members of The Dyers’ coloration Committee with great revel in colouration commercialisation.
degree two is the short-list of a small variety of potential candidates, who might be invited to interview in early Spring 2024, following which the hit organizations for The Dyers’ enterprise Seed Capital funding will be announced.
how to observe
Open to United Kingdom citizens most effective, packages for The Dyers’ organisation Seed Capital investment may be made online here: https://www.dyerscompany.co.united kingdom/philanthropy/investment-pastime/