Specialist Innovation Development Officers from the Local Authorities are working with businesses to help them develop their ideas for new products and technologies. Coventry University Enterprises (CUE) is also providing specialist support, through its Health Design and Technologies Institute, for SMEs developing products in areas such as assisted living, community healthcare and e-health solutions. Grant funding is also available both for direct contribution to R&D costs, and to facilitate partnerships that help new ideas to be developed - between an SME and a University for example.
By December 2018, the project will:
Work with over 110 SMEs
Help set up 5 new SMEs
Help 6 SMEs develop new products
Create 90 new jobs
Provide £1.25m in grant funding, matched by £3m of private investment