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Need help to innovate? Time is running out…

The Hub News Team | 28.3.19

Innovation light bulbBusinesses across the Marches which need help to develop innovative new products are being warned that time is running out to take advantage of a special scheme.

The Innovative Product Support Service (IPSS) - which is part funded by the European Regional Development Fund (ERDF) - supports businesses through the early stages of developing a new product or process.

The scheme, which is managed by the University of Wolverhampton, is open to all SMEs in the Marches Local Enterprise Partnership area with fewer than 250 employees, a turnover of less than €50m per annum and a balance sheet value of less than €43m.

But time is running out to access the help on offer, with the scheme closing at the end of June and applications needing to be submitted by mid May.

The programme is specifically designed to support businesses developing:

  • Low carbon engineering and products

  • Environmental technologies

  • Digital technologies

  • Transport technologies

  • Electronics

  • Medical technologies

There are two-levels of support available through the programme:

  • Qualifying SMEs will receive fully-funded support for up to six days at no cost to the business.

  • For businesses with a product innovation of high potential, there is scope for a formal research collaboration with the University that requires match-funding by the business.

The programme has access to its own dedicated FabLab, based in the Prototyping Centre at Wolverhampton Science Park, that houses an extensive range of equipment, including 3D printing, CNC milling machine, CNC lathe, laser scanner and cutter, precision PCB milling machine and CNC table router.

To find out more - and for details of how to apply for support through the programme - visit https://www.wlv.ac.uk/business-services/funding-and-support/ipss---innovative-product-support-service/

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