£500k R&D Grant Funding for Leading FinTech Team

February 7, 2024

Kore Labs is in a (rapid) scale-up phase with a multi-faceted funding strategy including private equity, innovation grants, innovation loans and re-investment of revenues. 

The Innovate UK Smart Grant is a quarterly R&D grant fund that offers between £25k and £2m to the most innovative SMEs for the development of novel technologies. Make no mistake – winning an Innovate UK Smart Grant is not a given – competition is high with average success rates under 10%. Grant funding of up to £2m can be awared for the development of novel processes, products and/or services through IUK Smart Grants.

The ambitious team at Kore have secured £500k in R&D grant funding through the Smart Grant Programme to further their work on developing a global taxonomy for the financial services sector.

Read the full case study about Kore Labs and the Innovate UK Smart Grant here.

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