The British Design Fund (BDF) has launched its third fund, focussing on supporting the best of British product and manufacturing businesses.
BDF 3, backed by Sapphire Capital Partners, is looking for UK based product design and manufacturing companies to invest in and help grow – taking them to the next level of their development.
The British Design Fund seeks to invest at least £100,000 in each investee company in return for circa 10% to 20% equity, across at least five companies.
Key criteria include products with global potential, validated sales distribution and licensing channels and brand extension opportunities.
As well as the monetary investment, the BDF supports its investments with product development, IP, market and sales support and more from its team of Mentors, led by CEO and serial entrepreneur Damon Bonser, and chairman, the former Design Council chief, John Mathers.
“The British Design Fund 3 leverages the UK’s position as one of the preeminent design centres in Europe along with the lack of dedicated VC/seed investors in this sector in order to invest in innovative early-stage design-led businesses,” said a spokesperson.
“The Fund works with extraordinary entrepreneurs and their teams to support the best cultures, work ethics, and ultimately, help create thriving stand-out companies.”
Previous companies to receive backing from the British Design Fund stretch from Lutra Marine, revolutionising the dredging industry in the UK and beyond, to Cyclo, an innovative new folding helmet which will take advantage of the surge in cycling and scootering which we will see post lockdown. From Hausbots, a Birmingham based novel approach to remote wall painting to Koalaa, who are aiming to transform the affordable prosthetic limb market.
To apply, head to the British Design Fund website to complete the application form, here.