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Innovation Vouchers

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Overview of innovation vouchers scheme

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Innovation Vouchers

  1. 1. Rachel Martin Business Development Officer Commercial & Technology Transfer Team Enterprise & Development <ul><li>3 rd December 2008 </li></ul>© The University of Salford, 2008 All Rights Reserved
  2. 2. NWDA Innovation Voucher Scheme © The University of Salford, 2008 All Rights Reserved
  3. 3. What are Innovation Vouchers? <ul><ul><li>Scheme run by NWDA to try and encourage more SME’s </li></ul></ul><ul><ul><li>to work with the “Knowledge Providers” i.e. Universities, </li></ul></ul><ul><ul><li>Further Education Colleges, etc. </li></ul></ul><ul><ul><li>Vouchers worth up to £3000 (or £7000) of an </li></ul></ul><ul><ul><li>academics expertise </li></ul></ul><ul><ul><li>Help NW business owners, entrepreneurs, </li></ul></ul><ul><ul><li>charities & social enterprises purchase an </li></ul></ul><ul><ul><li>academic’s expertise to develop innovation, </li></ul></ul><ul><ul><li>enhance business & ultimately increase productivity and </li></ul></ul><ul><ul><li>sustainability </li></ul></ul>© The University of Salford, 2008 All Rights Reserved
  4. 4. Who can get one? <ul><ul><li>Available to all SME’s but with emphasis on: </li></ul></ul><ul><ul><li>- Creative & Digital Industries </li></ul></ul><ul><ul><li>- Financial & Business Services </li></ul></ul><ul><ul><li>- Food & Drink </li></ul></ul><ul><ul><li>(3 priority sectors as outlined in the RES) </li></ul></ul><ul><ul><li>New collaborations </li></ul></ul>© The University of Salford, 2008 All Rights Reserved
  5. 5. How do I apply? <ul><li>Via www.nwda.co.uk/finance </li></ul><ul><li>Complete on-line application form </li></ul><ul><li>Successful applications are posted onto the website for the </li></ul><ul><li>Knowledge Providers to respond within 10 days </li></ul><ul><li>SME chooses which Knowledge Provider to work with </li></ul><ul><li>Successful Knowledge Provider visits SME within 5 days to </li></ul><ul><li>agree collaboration </li></ul>© The University of Salford, 2008 All Rights Reserved
  6. 6. Other details…. <ul><li>Voucher v alid for 12 months </li></ul><ul><li>Series of rounds – next round starts 12 th Jan – 6 th Feb 09 </li></ul><ul><li>SME is liable for the VAT element of the voucher </li></ul><ul><li>26 Knowledge Providers </li></ul>© The University of Salford, 2008 All Rights Reserved
  7. 7. Examples….. <ul><li>Access to research equipment and expertise </li></ul><ul><li>Analysis of business performance </li></ul><ul><li>Assistance on prototype development </li></ul><ul><li>CAD design </li></ul><ul><li>Develop new business model </li></ul><ul><li>Developing a CRM system </li></ul><ul><li>Evaluation of performance </li></ul><ul><li>Feasibility studies </li></ul><ul><li>Investigating potential new markets </li></ul>© The University of Salford, 2008 All Rights Reserved <ul><li>Management systems and procedures </li></ul><ul><li>Marketing strategies </li></ul><ul><li>Methodology for the calculation of carbon footprint </li></ul><ul><li>New web based marketing tools </li></ul><ul><li>Product development </li></ul><ul><li>Software development </li></ul><ul><li>Staff development analysis </li></ul><ul><li>Website development </li></ul>
  8. 8. Ineligible activity….. <ul><li>Standard training courses </li></ul><ul><li>Aid that would promote/ subsidise the cost of exports </li></ul><ul><li>Internships for students of knowledge institutions </li></ul><ul><li>Design and production of advertising materials </li></ul><ul><li>Sales activities </li></ul>© The University of Salford, 2008 All Rights Reserved
  9. 9. Any questions?... © The University of Salford, 2008 All Rights Reserved

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