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British Design Fund 4
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==Pitch details== '''The Business''' <youtube>cTC32d_E9o4</youtube> The British Design Fund is unique in supporting, mentoring and investing exclusively in early-stage purpose-led product design and manufacturing businesses based in the UK. The Fund works with extraordinary entrepreneurs to launch and scale their products, accelerate growth and build long term value – both for investors and business owners. The focus of this fourth fund is to invest at least £150k across 10 or more businesses in exchange for between 5% and 20% equity. The Fund has access to unique deal flow and will seek to de-risk investments by validating that there is pre-existing demand for the product as well as providing a lead mentor and board observer to support each business. '''The Market''' The UK has the second-largest design sector in the world and the largest in Europe. It produces some of the world’s leading inventors and product innovators. However, despite this heritage, there is a significant funding gap for early-stage businesses within this sector. The British Design Fund was founded by experienced design experts and entrepreneurs to fill this gap. The Creative Industries Federation highlighted the need for more significant funding in a recent report: “Creative enterprises looking to transition out of their startup phase reported that there are few funding options available to them and many highlighted a gap in the provision of more modest amounts – £50,000 to £250,000 – to enable and sustain their growth.” '''Progress/Proof''' This is the fourth fund to be launched by the British Design Fund. The Fund is backed by a number of strategic investors such as the Wilkinson family office, Luke Johnson and Creative England along with other private investors. Example investments from the previous three funds include Koalaa, who launched a series of easy-to-fit and affordable prosthetic arms for children and adults. Hausbots, who developed a wall climbing robot for exterior painting and infrastructure inspection and surveying. And lastly, Matter who developed a filtration technology to capture, harvest and recycle the microplastics which are released by washing machines. As of February 2022 there are 17 companies in the portfolio and there have been no failures to date. '''Objectives/Future''' There is a huge funding gap facing the UK's design sector, most notably those early-stage businesses within the manufacturing and product space. The British Design Fund plans to continue launching funds to capitalise on this funding gap and build upon its early successes. The Fund is committed to investing across the whole of the UK and will continue to establish partnerships with ever more universities, design agencies, hardware and maker spaces, and start-up incubators across Scotland, England, Wales and Northern Ireland.
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