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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 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
✨Tip Number 1
Network like a pro! Attend industry events, workshops, and meetups to connect with potential partners and mentors. The more people you know, the better your chances of landing that dream opportunity.
✨Tip Number 2
Showcase your passion! When pitching your idea or solution, let your enthusiasm shine through. Investors and stakeholders love to see genuine excitement about what you're building.
✨Tip Number 3
Practice makes perfect! Rehearse your pitch multiple times before the big day. Get feedback from friends or colleagues to refine your delivery and ensure you’re hitting all the key points.
✨Tip Number 4
Apply through our website! We’ve got all the resources you need to make your application stand out. Don’t miss out on the chance to secure that funding and support for your innovative solution!
We think you need these skills to ace SME Payments Innovation Challenge Reimagine Trade Finance
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 solving the late payments issue 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 considered for the challenge. Plus, you'll find all the info you need there!
How to prepare for a job interview at ScotlandIS
✨Know Your Numbers
Understand the financial impact of late payments on SMEs, like the £22k/year figure. Being able to discuss these statistics shows you’re informed and passionate about solving the cash flow crisis.
✨Showcase Your Solution
Be ready to explain how your startup's solution can streamline B2B procurement and automate payments. Use clear examples and be specific about the technologies you plan to implement.
✨Engage with Industry Experts
Research the industry experts involved in the incubation programme. Mentioning their work or insights during your interview can demonstrate your commitment and enthusiasm for collaboration.
✨Prepare for the Pitch
Since there’s a final pitch involved, practice your presentation skills. Make sure you can clearly articulate your vision and how it aligns with the goals of the Future Payments Challenge.