Businesses which are undertaking scientific research or developing new technologies are being given additional help to access innovation grants.
A new collaborative initiative from the New Anglia Growth Hub and Innovate UKs subsidiaries Enterprise Europe Network and the Knowledge Transfer Network means that businesses interested in applying for funding will be directed to the Growth Hub for help before a formal application is submitted.
Two free half-day masterclasses have been organised which will give companies information about how to write a good proposal and delegates will hear experiences from local businesses.
The events take place at Norwich Research Park on the 12th July and IP-City Centre in Ipswich on the 20th July. Interested parties should contact firstname.lastname@example.org for more information.
Innovation Adviser Dr Morgan Potter at the New Anglia Growth Hub explains: “There is a problem with the low success rate of businesses obtaining research grants in the UK. Its a highly competitive process and often businesses lack the requisite know-how on completing the application forms. This should not preclude them from applying, which is why were giving companies the best possible chance of success by supporting them from the start.
“We’re already directly involved in the delivery of the New Anglia LEP grant programmes, so it makes sense to roll out this model to other grant providers and allow them to use the Growth Hub as a resource. Our success rate is over 90% under the LEP grants so if we can improve the quality of applications for research grants, then we can help drive innovation here in the East.”
Speaking at the events is Alistair Poustie, CEO for Ipswich-based Rushmere Technology. The firm specialises in the development of fibre optic technology for next generation broadband. Alistair said: “We have been successful in securing several Innovate UK grants to develop new optical technologies so I am pleased to share our experiences to help other businesses avoid some of the pitfalls which will give them a better chance of winning funding. I have also been on the other side of the fence having evaluated other businesses’ applications so hopefully I can provide additional insight.”