Sainsbury’s has announced the launch of its Innovation Investments programme which will invest in early-stage companies commercialising innovative, sustainable technologies that look to reduce operational carbon emissions and water usage.
The technology areas are:
- electricity
- logistics
- heating and cooling
- water and food waste
The programme seeks to invest at least £5 million over four years, with initial investments of up to £500,000, 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.
Companies will also benefit from the investment experience of Williams Advanced Engineering (WAE) with guidance on development, manufacturing and supply chain.
Sustainable UK start-up and early-stage businesses may be eligible for support. Applicants should be developing new and disruptive technologies that have the potential to be deployed across Sainsbury’s operations, supporting the company’s net zero goals.
Focus of fund/fund aims:
Investments in early-stage companies that are developing new and disruptive technologies that can support Sainsbury’s net zero goals.
Application deadline:
Businesses may express an interest in the programme at any time