The document discusses Innovation Vouchers, a scheme run by the North West Development Agency to encourage small and medium enterprises to work with knowledge providers like universities and colleges. The vouchers are worth up to £3,000 or £7,000 and can be used to purchase an academic's expertise in areas like product development, marketing strategies, and feasibility studies. To apply, companies register on the NWDA website and choose from available knowledge providers when their application is approved. The vouchers must be used within 12 months and the company pays the VAT.