Missions

Missions

What are Missions?

The Technology Strategy Board supports special events known as entrepreneur ‘missions’, run in partnership with UKTI, in which the pick of innovative and often early-stage UK companies in priority areas such as digital, healthcare or clean technology travel to countries strong in innovation and enterprise, such as the US,  to make new connections and meet potential investors, suppliers and customers.

In 2012-13 we have supported the second Clean and Cool mission to the US focusing on clean energy technologies, and the Future Health Mission also to the US focusing on developments in e-health and health informatics, personalised medicine and emerging technologies in the medical and diagnostics sectors. We will also be running a Web Mission to Bengaluru (Bangalore), India.

Benefits to business

 Some of the positive impacts to business of previous Missions have been:

Clean and Cool Mission

The Mission to the US had immediate impact for the 19 companies involved including setting up subsidiaries in the US, raising investment, building new partnerships in the US and building new partnerships with other Mission companies. The companies also benefitted from the media coverage surrounding the Mission – over 200 articles were written about the companies during the week they were in the US.  Following the event a number of multi-million dollar customer contracts emerged as a direct result.  There are now 3 investment runs close to completion.

Web Mission

 The Web Mission in April 2008 and April 2009 was attended by 35 successful companies that have since achieved over $36m of investment and gained over 30 major US based MNC customers.  One of the Mission companies ‘Sosius’ achieved a 735% growth in sales from Q1 2009 to Q1 2010.  ‘Huddle’ also achieved a similar success achieving the largest single investment on the Mission of $10.2m.

Who is eligible?

Mission companies are selected through a competition process.  They are open to dynamic UK companies who are ready to do business overseas.  Eligibility criteria will depend on the specific Mission. 

How do I find out more information or apply?

You can find more information about previous Missions on their websites: 

Future Health Mission: http://futurehealthmission.com/

Clean and Cool Mission:  http://cleanandcoolmission.com/the-mission/

To find out when future Missions will open sign up to receive our email news updates here or follow us on Twitter @innovate_uk

Last updated on Wednesday 24 October 2012 at 14:48

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