Stone businesses looking to launch a new product can tap into contribution grant funding, up to £9,000.
Staffordshire has extended until 2023 their current European Regional Development Fund project to encourage and promote Innovation within Staffordshire.
This means they will still offer one-to-one support to companies looking to bring innovations to the market.
The BIC runs a series of Self Development Workshops/Webinars to help people research, protect, develop and market their new ideas; provide up to 12 hours of one-to-one support and happy to announce that their New Product Development Grant has been increased to up to £9,000.
The Grant of up to £9,000 is there to help Staffordshire based SMES operating B2B to pay for outside specialists to help them research, protect, develop and launch to market an innovative new product or service.
It is offered at a 37% contribution so that to get the full £9,000 grant, the company would need to be spending £24,000 on external consultancy advice on their innovations.
The funds can be spent on IP Attorney Fees; Market Research; Product Design; Software Development; Testing and Marketing Strategies etc
Since their inception in 1995, the BIC has awarded nearly £10m to local businesses and notable innovations include Staffordshire Cheese; MowMow Rocks; Aircom; Cabbunk: Fork Angles and Leak Mate and many many more.
As the new funds is part of an Extension to their existing project, the Grant is unfortunately only available to companies who have not received any funding from the BIC since 2016.
For more information, please visit the Staffordshire BIC website – https://thebic.co.uk
1 comment
Arthur Pallister
That’s very very interesting for my business Innovolo. We help all our clients globally to innovate with new product development.
Many SMEs have no idea where to start and others already have R&D depts. but do not have capacity, capability or momentum. Innovolo provided all of these and help them succeed based on their budget.