Agri-Shop Ltd
Farminguk
27 May 2016 | Online since 2003
Less co2 Limited


14 December 2012 13:51:49|Finance,News

Minister unveils £1m innovation boost for SMEs


Start-Up firms and Small and Medium Sized Enterprises (SMEs) are set to get a £1.1 million innovation boost to help them develop new ideas, improve processes and target new markets.
A second wave of Innovation Vouchers are being made available through the Technology Strategy Board. The extra funding is for Innovation Vouchers for businesses who want to use public Open Data to commercialise their ideas and develop products and prototypes.
The Innovation Vouchers scheme was launched in September providing £5,000 to businesses who wanted to develop ideas applicable to Agri-food, Built Environment and Space.
As well as the additional funding for Open Data use, they are also being extended for businesses with innovation ideas in the areas of Energy, Water and Waste.
Universities and Science Minister David Willetts said: "This new wave of Innovation Vouchers will give SMEs a great opportunity to bid for funding that can make a real difference to the growth of their business ideas."
"They will be able to develop exciting proposals that can make use of open data, which have the potential to unlock great value and boost economic growth."
"There is also real strength across the UK knowledge base in the areas of Energy, Water and Waste. The expansion of Innovation Vouchers in these areas will provide an added boost for businesses looking for suppliers of knowledge who can help explore and develop their innovations."
The Technology Strategy Board’s Chief Executive Iain Gray said: "We’re delighted that as well as offering our own Technology Strategy Board Innovation Vouchers we’ve been able to use our portal as a conduit to 43 other schemes run by universities and other organisations right across the country from Aberdeen to Cornwall, in Wales and Northern Ireland."
"This provides vital support to businesses starting their innovation journey and making contact with a knowledge supplier for the first time."
"Innovation Vouchers offer a low risk way for small businesses to explore new ideas with a wider network of specialists – ideas that can make a real difference and help them grow."
In September, the Department for Business, Innovation and Skills (BIS) committed £1 million a year for the next three years for Innovation Vouchers.
That will be matched by the Technology Strategy Board, meaning there will be £2 million each year for areas including Agri-food, Built Environment, Energy, Water and Waste.
The Innovation Vouchers will be allocated every three months, with 100 Vouchers across the themes each quarter. An additional £1.1 million is now available for Open Data over the next two years.

Download





0 Comment


loginuserlogo
Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment

World News

Canada | 27 May 2016
Southern Ontario farmers launch their own weather network

Southern Ontario farmers are building their own weather network to more accurately record how conditions will affect their crops. The AG Grower Daily Dashboard project is designed to give farmers h...


Australia | 27 May 2016
National Australia sees farmers seeking loans to weather crisis

National Australia Bank Ltd., the nation’s largest lender to farmers, is expecting its dairy clients to seek short-term credit to assist them as slumping milk prices have thrown the industry into a cr...


USA | 27 May 2016
Central Indiana county approves livestock farm restrictions

A central Indiana county has approved new restrictions on big livestock farms limiting where those farms with hundreds or thousands of animals can be built. The ordinance approved this week by the ...


Ireland | 27 May 2016
Dairy farmers' income plight in spotlight

IFA president Joe Healy, who met with EU Agriculture Commissioner Phil Hogan in Brussels, said the majority of dairy farms will be in the red this month. He urged the Commissioner to act without de...


Canada | 27 May 2016
The changing face of Canada's farm industry

Mapping the evolution of Canada's farm industry is not as simple as just examining the numbers. Every five years, Canada's federal government asks us to provide details on who lives in our househol...



Trending Now

Viewed
Discussed

Farms and Land for sale

PropertyLocation
PropertyAgent
PropertyMinimumPrice
PropertyMaximumPrice
PropertyCategory

Holiday Rentals search

AccommodationKeyword
AccommodationType
AccommodationCounty
AccommodationStarRating


Top stories you may have missed
closeicon
Username
Password