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- Tasks: Join the Future Payments Challenge to innovate trade finance for SMEs.
- Company: Digital Trust Centre of Excellence, supporting startups to tackle cash flow issues.
- Benefits: Up to £50K funding, access to world-class research, and expert incubation support.
- Why this job: Make a real difference by solving the SME cash flow crisis with your innovative solutions.
- Qualifications: Startups and early-stage SMEs at TRL 3-4 focused on B2B payment solutions.
- Other info: Engage in workshops and pitch your ideas to industry experts.
The predicted salary is between 36000 - 60000 £ 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.
SME Payments Innovation Challenge Reimagine Trade Finance in Edinburgh employer: ScotlandIS
Contact Detail:
ScotlandIS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SME Payments Innovation Challenge Reimagine Trade Finance in Edinburgh
✨Tip Number 1
Network like a pro! Attend industry events and workshops, especially those related to payments and finance. It's a great way to meet potential partners and mentors who can help you refine your ideas.
✨Tip Number 2
Practice your pitch! You’ll need to clearly communicate your solution and its impact on SME cash flow. Get feedback from friends or colleagues to make sure you’re hitting the right notes.
✨Tip Number 3
Leverage social media to showcase your expertise. Share insights about payment innovations and engage with others in the field. This can help you build credibility and attract attention to your application.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we’re here to support you every step of the way!
We think you need these skills to ace SME Payments Innovation Challenge Reimagine Trade Finance in Edinburgh
Some tips for your application 🫡
Know Your Stuff: Before you start writing, make sure you fully understand the challenge and what we're looking for. Dive into the details of the Future Payments Challenge and think about how your solution can tackle the SME cash flow crisis.
Be Clear and Concise: When you're putting your application together, keep it straightforward. We want to see your ideas clearly laid out, so avoid jargon and get straight to the point. Remember, less is often more!
Show Your Passion: Let us feel your enthusiasm! Share why you're excited about this challenge and how your startup can make a difference. A bit of personality goes a long way in making your application stand out.
Apply Through Our Website: Don't forget to submit your application through our website! It's the easiest way for us to receive your details and ensures you're following the right process. Plus, we can't wait to see what you've got!
How to prepare for a job interview at ScotlandIS
✨Know Your Numbers
Understand the financial impact of late payments on SMEs, especially the £22k/year figure. Be ready to discuss how your solution can directly address this issue and improve cash flow for businesses.
✨Showcase Your Innovation
Prepare to explain how your product leverages future payment technologies. Highlight any unique features that streamline B2B procurement and automate payments, as these will be key to impressing the interviewers.
✨Engage with Industry Experts
Familiarise yourself with the insights from Edinburgh, Glasgow, and Napier University. Mention any relevant research or case studies that support your approach, showing that you’re not just innovative but also informed.
✨Be Ready for the Development Phase
Since the role involves advancing your solution to TRL 5, come prepared with a clear plan for the 3-month development phase. Discuss how you intend to refine your product and what support you might need from the incubation programme.