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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 top 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: Exciting opportunity to refine your product and pitch to industry leaders.
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 Glasgow 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 Glasgow
✨Tip Number 1
Network like a pro! Attend industry events, workshops, and meetups to connect with potential collaborators and mentors. The more people you know, the better your chances of landing that dream opportunity.
✨Tip Number 2
Perfect your pitch! Whether it’s a casual chat or a formal presentation, be ready to explain your idea clearly and passionately. Practice makes perfect, so rehearse until you can deliver it smoothly.
✨Tip Number 3
Leverage social media! Use platforms like LinkedIn to showcase your expertise and connect with industry leaders. Share insights related to the Future Payments Challenge to get noticed by the right people.
✨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 Glasgow
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 straightforward communication! Make sure your application is easy to read and gets straight to the point. Highlight your unique solution and how it fits into the Future Payments Challenge without unnecessary fluff.
Show Your Passion: Let your enthusiasm shine through! We want to see your commitment to advancing your solution. Share your vision and why you're excited about the opportunity to work with us and other industry experts.
Apply Through Our Website: Don’t forget to submit your application via our website! It’s the easiest way for us to receive your details and ensures you’re in the running for that sweet £50K funding. Plus, it keeps everything organised on our end!
How to prepare for a job interview at ScotlandIS
✨Know Your Numbers
Understand the financial impact of late payments on SMEs, as highlighted in the job description. 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 startup's technology can streamline B2B procurement and automate payments. Use specific examples or case studies to illustrate your points and demonstrate your understanding of future payment technologies.
✨Engage with Industry Experts
Research the incubation programme and the universities involved. Be prepared to discuss how you would leverage their expertise to refine your product. This shows that you’re proactive and value collaboration.
✨Pitch Perfect
Practice your pitch for the final presentation. Focus on clarity and conciseness, ensuring you communicate the unique value of your solution. Remember, you want to leave a lasting impression on the judges!