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- Tasks: Join the Future Payments Challenge to innovate SME trade finance solutions.
- Company: Digital Trust Centre of Excellence, supporting startups to tackle cash flow issues.
- Benefits: Up to £50K funding, access to top research, and expert incubation support.
- Why this job: Make a real difference for SMEs while developing cutting-edge payment technologies.
- Qualifications: Startups and early-stage SMEs at TRL 3-4 focused on B2B solutions.
- Other info: Exciting opportunity with a funded development phase and workshops in Edinburgh.
The predicted salary is between 30000 - 42000 £ per year.
Late payments cost UK SMEs £22k/year and contribute to 50,000 closures annually. To tackle this, the Digital Trust Centre of Excellence is looking for startups that will solve the SME cash flow crisis with their Future Payments Challenge. Start-ups and early-stage SMEs are invited to apply for the Challenge which offers tailored support and up to £50K incubation funding – to build a unified digital procurement-to-pay service using future payment technologies.
WHAT'S ON OFFER
- Up to £50K funding
- Access world-class research via Edinburgh, Glasgow & Napier University
- Incubation programme to refine your product with industry experts
WHO SHOULD APPLY
Startups and early-stage SMEs at TRL 3-4 building solutions that streamline B2B procurement, automate payments, accelerate settlement. You should be committed to advance your solution to TRL 5 through a funded 3-month Development Phase.
TIMELINE
- Application window open: 17 Feb – 15 March
- In-person workshops in Edinburgh: late April – early May
- Final pitch in Edinburgh: late May – early June
- Funded development: June – Sept
Closes 15th March – find out more and register here.
Future Payments Innovation Challenge: Digitising SME Trade Finance in Edinburgh employer: ScotlandIS
Contact Detail:
ScotlandIS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Future Payments Innovation Challenge: Digitising SME Trade Finance in Edinburgh
✨Tip Number 1
Network like a pro! Attend industry events, workshops, and meetups to connect with potential collaborators and mentors. We can’t stress enough how important it is to build relationships in the startup scene.
✨Tip Number 2
Perfect your pitch! You’ll need to clearly articulate your solution and its impact on SME cash flow. Practice makes perfect, so rehearse your pitch until you can deliver it confidently and concisely.
✨Tip Number 3
Leverage social media! Share your journey and insights on platforms like LinkedIn and Twitter. Engaging with the community can attract attention to your startup and open doors for collaboration.
✨Tip Number 4
Apply through our website! Don’t miss out on the chance to secure up to £50K funding and expert support. We’re here to help you navigate the application process and get your innovative solution off the ground.
We think you need these skills to ace Future Payments Innovation Challenge: Digitising SME Trade Finance in Edinburgh
Some tips for your application 🫡
Know Your Audience: Before you start writing, take a moment to understand who we are at StudySmarter and what we're looking for. Tailor your application to show how your startup aligns with our mission to tackle the SME cash flow crisis.
Be Clear and Concise: We love a good story, but keep it straightforward! Make sure your application clearly outlines your solution and its impact on B2B procurement and payments. Avoid jargon and get straight to the point.
Highlight Your Unique Value: What makes your startup stand out? Use your application to showcase your unique approach to digitising trade finance. We want to see how your solution can make a real difference for SMEs.
Check Your Details: Before hitting send, double-check your application for any typos or errors. A polished application shows us that you're serious about this opportunity. And remember, apply through our website for the best chance!
How to prepare for a job interview at ScotlandIS
✨Understand the Challenge
Make sure you fully grasp the SME cash flow crisis and how your solution can address it. Research the impact of late payments on SMEs and be ready to discuss how your innovation can streamline B2B procurement and automate payments.
✨Showcase Your Product Development
Be prepared to talk about your product's current status and how you plan to advance it to TRL 5. Highlight any unique features or technologies that set your solution apart, and demonstrate your commitment to refining it during the incubation programme.
✨Engage with Industry Experts
During the interview, express your eagerness to collaborate with industry experts. Mention specific areas where you believe their insights could enhance your product, showing that you're open to feedback and willing to adapt.
✨Prepare for the Pitch
Since there's a final pitch involved, practice delivering a concise and compelling presentation of your solution. Focus on the problem, your innovative approach, and the potential impact on SMEs, ensuring you can convey your vision clearly and confidently.