J Sainsbury plc - Sainsbury’s Innovation Investments
Product Description:
Sainsbury’s has committed to investing £1 billion towards becoming a net zero business by 2035. While 70% of this target can be achieved using existing solutions, a 30% gap remains where new technologies and solutions need to be identified, tested and deployed.
Sainsbury’s Innovation Investments – working with Williams Advanced Engineering (WAE) – embraces the need for these ground-breaking net zero technologies.
Sainsbury’s Innovation Investments (S2I) will invest in early-stage companies who are developing new and disruptive technologies that can support Sainsbury’s net zero goals.
S2I will look to deploy at least £5m over four years with initial investments up to £500k with potential to expand further. It will lead or co-invest alongside other investors.
As part of the investment Sainsbury’s will trial the technologies within its operations with potential for wider estate roll-out.
Companies will also benefit from WAE’s investment experience receiving technology development, product, manufacturing and supply chain guidance, and introductions to WAE’s partners and co-investors.
Area of Expertise:
Business support through investment
New technology
Innovation Investments
Eligibility:
Investment criteria
UK headquartered companies or companies with a UK base
Technologies that have the potential to be deployed across Sainsbury’s operations
Post “proof of concept” stage
Pre- or post-revenue
Pre-seed, Seed or Series A stage
Districts:
- Leicester City
- Blaby
- Charnwood
- Oadby and Wigston
- Melton
- Harborough
- Northwest Leicestershire
- Bosworth and Hinckley