Upload
sydney-powers
View
216
Download
0
Embed Size (px)
Citation preview
Does what it says on the tin!
Innovation Networks
We will cover
£ What is the innovation?£ The networks£ How the funding works£ The boring bits£ Some real life examples …….
The Innovation
£ A product£ A service£ A process£ Must be new and different£ Must have customers/market£ Must contribute to the regional economy.
The Networks
£ Open to all SMEs in West Midlands
£ Working in a “Network”
£ Examples Suppliers Customers Consultants Web developers
£23,500
Financial Contribution
£10,000
£1,000
£12,500
Partners & Suppliers
Lead Partner
Supplier 1
Supplier 2
Partner 2
Partner 1
Partner and
Supplier
The Process
£ Initial meeting£ Proposal submitted for feedback£ Eligibility confirmed£ ERDF procurement evidenced£ Appraised by University£ Offer made and contract agreed£ 2 stage payments£ 6 – 9 month projects with 6 month follow up.
New Product
£ Safety pin substitute£ Funding for tooling
and patent applications
£ Partners Tooling company Marketing agency
£ Suppliers Tooling company Patent Attorney
New Service
£ “Inspiring workshops to raise pupil aspirations”
£ Medical equipment and tools for an advanced series of workshops
£ Partners Business mentor Video company
£ Suppliers Many small items bought £300 - £5000
New Process
£ New paint recycling offer
£ Purchased equipment and laboratory equipment
£ Partners Web developer Fabricators
£ Suppliers Equipment and lab
www.innovation-networks.co.uk
02476 236391