After beating 20,000 applicants to be one of 800 chosen recipients, Intrinsic Energy received a total of £75k in grants to fast-track the development of their interactive, accessible and live online training platform. Backed by the UK Government, Innovate UK made £40 million available to businesses who were leading projects aimed to boost the economic recovery of the UK, after the impact of Covid-19. With this new funding, Intrinsic Energy were able to accelerate the development and release of their online training solution, that aims to shake up the current corporate training model, and empower the modern workforce to take control of their own career development.
After winning the initial grant of 50k, Intrinsic Energy also secured a further grant of £25k so that the project could be developed into 2021. Both grants enabled Intrinsic Energy to work with other UK-based businesses to progress the development of the project, whilst also directly giving back to the UK economy. Innovate UK connected Intrinsic Energy with Stronger Stories, a UK-based social enterprise helping businesses to find their “story”, which was a fascinating foundation in building the branding and marketing of the company. Intrinsic Energy’s founder, Katherine Baker, was thrilled to also be mentored by the team from Newable, who were partnered with Katherine to provide guidance and industry insight during those initial first steps.
On receiving the funding, founder Katherine Baker said, “This is such an incredible opportunity for the future of continuous learning. Through the support of Innovate UK, we can now develop the technology to truly allow world-class corporate training to benefit everyone, enabling a workforce ready to thrive in our constantly changing world.”
Intrinsic Energy provides daily live, online training so that employees can access self-development sessions whenever and wherever they are. Courses in communication skills, leadership, and business development aim to give employees the option to choose the areas that they need to develop and fit them into a schedule that works for them. Intrinsic Energy customises training to the employee’s specific needs, boosting morale and confidence, whilst allowing managers more time to work on a one-to-one basis with their teams. Rather than engaging in the admin and expense required for booking current corporate training options, Intrinsic Energy’s revolutionary membership is flexible and affordable allowing more team-members access to leading edge corporate training.
After both the initial grant and the further extension from Innovate UK, Intrinsic Energy is now live and open to membership for individuals and organisations.