Presentation on theme: "Www.bournemouth.ac.uk INNOVATION GRANTS LUCY ROSSITER BUSINESS CONSULTANT."— Presentation transcript:
INNOVATION GRANTS LUCY ROSSITER BUSINESS CONSULTANT
2 Introduction How can BU help your business develop? Who are Innovate UK? (formerly known as the Technology Strategy Board)
3 Knowledge Transfer Partnerships (KTP) KTP is a government-funded scheme to encourage collaboration on projects between businesses and academics.
4 The Features of a KTP Project length 6 months – 36 months Associates recruited by University and Business partner Employed by University (with local T&C) Project located at business premises with business supervisor Academic Supervisor spends ~ half day per week at business premises
5 Annual Budget (Classic and Post-Doc) *Graduate salary. Masters £31K, PhD £35K ItemTotal £SME £Large £ Associate salary costs*27,0009,00013,500 Associate development2, ,000 Travel & Subsistence2, ,125 Consumables1, Academic Support 0.5 days per week 9,3943,1314,697 Additional Associate Support (Indirect costs) 15,7805,2607,890 TOTAL57,92419,30828,962
6 Successful KTPs at BU Morning DataMorning Data (Software systems): Reverse engineer and re-develop a modularised product. Instill software development management and control techniques Dorset CerealsDorset Cereals (Food Manufacturer): Developed and implemented integrated marketing and production strategies that facilitated and supported a trebling of sales revenue Electronics Technicians LimitedElectronics Technicians Limited (Electronics Manufacturing): Identify and implement new production planning and processes EcreboEcrebo (Point of sale systems): Develop a handheld based point of sale system AspireAspire (Staff training for nursery schools): Building an on-line learning environment Quattro FoodsQuattro Foods (Fresh and frozen foods): Extension of product shelf life.
7 The Smart grant scheme supports SMEs carrying out R&D in the strategically important areas of science, engineering and technology. Three types of grant are available: Proof of market - (max grant up to £25k) Proof of concept - (max grant up to £100k) Development of prototype – (max grant up to £250k)
8 Businesses can claim up to £5,000 towards the cost of expert advice if they classify as a start-up, micro or SME. The funding encourages businesses to seek out fresh knowledge that can help their business to grow and develop. Criteria to apply: This must be the first time working with the knowledge base supplier You need specialist help to meet a business challenge ** Open round every 3 months, the next round opens on November 10th **
9 Funded by the European Union – Horizon 2020 provides easy access to €2.8 Billion to SMEs for funding research and innovation businesses and accelerating the exploitation of innovations. HORIZON 2020: SME Instrument