​Building on the success of previous funding offers, Britain’s The Dyers’ Company’s back looking to support other fledgling colour and colouration industry businesses for a third successive year.

Following an inaugural and second-year Seed Capital Investment Fund offer, the industry specialist is now looking to “support innovation and the commercialisation of business ideas”.

The Dyer’s Co is considering initial equity investments of up to £25,000 per venture for young businesses and entrepreneurs “seeking to transform their innovative ideas into successful businesses”. 

It said the initiative is relevant to a vast range of industries/activities with a connection to colour and colouration including colour chemistry and science, food technology, healthcare (eg medical dyes), engineering, sustainable dyeing, textiles production for fashion and interiors and more.
 
“Over time it is hoped that this fund will enhance the economic impact of colouration in the UK by the creation and ongoing support of new businesses, providing vital resources and mentoring for colour and colouration practitioners from across industries”, it said. 
 
Historically, it has supported academics and students in their field with grants, bursaries, and financial prizes. It said this will continue, and this initiative extends that support to individuals “who may be looking for ways to take the next step in their careers”. Its Seed Capital Investment Fund is provided in exchange for a minority equity stake in the business. 
 
Martin Lane, Clerk of The Dyers’ Company, said: “Entering the third year… marks a significant milestone in our enduring commitment to the colouration industry. Through this fund, we continue to bridge our rich heritage with emerging technologies, ensuring the craft of dyeing continues to innovate and thrive in a sustainable way for future generations.”
 
The fund is a two-stage process. Stage one is an online application, with a deadline of 5 March. Applications will then be reviewed by a vetting committee including members of The Dyers’ Colour Committee.
 
Stage two is the short-listing of a small number of potential candidates, who will be invited to interview on 2 April, following which the successful businesses will be announced.