A new initiative in South Yorkshire is offering tech startups essential support to validate their ideas. The TECH SY project, funded by the South Yorkshire Mayoral Combined Authority, aims to accelerate the region’s tech sector by providing grants or consultancy services to early-stage businesses.
The Idea Validation Grant (IVG) provides up to £2,500 in financial support or £5,000 worth of consultancy services. The programme is designed to help startups assess the feasibility and potential of their business ideas before committing to large-scale product development. Funding can be used for activities such as market research or prototyping.
Alternatively, businesses can access mentorship from experienced entrepreneurs through Trove Ventures, which also offers a network of regional industry experts. This support is part of a wider strategy to strengthen the local tech ecosystem and provide founders with the resources needed to turn ideas into successful businesses.
The TECH SY programme has been gathering data on the region’s startup scene since its launch last year. It works closely with local industry leaders to identify effective ways of fostering innovation and scaling up the digital economy in South Yorkshire.
Startups interested in the Idea Validation Grant must be based in South Yorkshire and have an innovative project with high growth potential. Applicants should clearly outline how the grant or consultancy will help them validate their business idea or identify their target customers.
