Companies flock to learn about innovation funding

Dozens of companies from across the region visited Teesside University to learn about how they could attract funding and support for innovation.

Dozens of companies from across the region visited Teesside University to learn about how they could attract funding and support for innovation.

Nearly 80 people, representing a range of Small and Medium Enterprises (SMEs), as well as larger companies, took part in an event held by the Enterprise Europe Network North East at the University’s Darlington campus, where the UK’s national innovation agency, the Technology Strategy Board, spoke to them about how they could get their product ideas off the ground.

The Enterprise Europe Network North East helps regional businesses take advantage of European and international market opportunities through expert advice and links with almost 600 business support agencies across Europe and globally. It is led by Teesside University, with partners the Centre for Process Innovation and Newcastle Science City.

The event attracted businesses from as far afield as the North-West. Delegates heard from Dr James Clipson, the EU Business Manager, and Graham Mobbs, the European Operations Manager from the Technology Strategy Board.

They spoke about current opportunities and funding for research and development, nationally and in Europe, and provided advice on how SMEs can work with the Technology Strategy Board.

Gillian Kears-Fricker, Business Innovation Manager for the Enterprise Europe Network, outlined how small businesses can make the most of the European marketplace and seek commercial partners overseas. There was also a talk from Dr Geoff Archer from Teesside University explaining how universities can help businesses accelerate innovation and growth through Knowledge Transfer Partnerships.

Alan Moore from Clive Owen Accountants delivered a workshop on the tax relief available to SMEs for research and development and the difference it can make to the bottom line.

Professor Cliff Hardcastle, Deputy Vice-Chancellor (Research and Business Engagement), said: 'This was an extremely successful event and we were delighted that so many people were able to attend.

'There were some very prominent speakers with invaluable experience and knowledge of national and European funding programmes who really opened up the imagination to the opportunities available.

'It was very encouraging to see so many SMEs with innovative ideas and products and I know many of them found the event extremely useful.'

Click here for more information on how the Enterprise Europe Network can help you expand into Europe.

---