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INNOVATION GRANTS

LUCY ROSSITERBUSINESS CONSULTANT

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Introduction

• How can BU help your business develop?

• Who are Innovate UK? (formerly known as the Technology Strategy Board)

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Knowledge Transfer Partnerships (KTP)

KTP is a government-funded scheme to encourage collaboration on projects between businesses and academics.

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The Features of a KTP

Project length 6 months – 36 months

Associates recruited by University and Business partner

Employed by University (with local T&C)

Project located at business premises with business supervisor

Academic Supervisor spends ~ half day per week at business premises

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Annual Budget (Classic and Post-Doc)

Item Total £ SME £ Large £Associate salary costs* 27,000 9,000 13,500

Associate development 2,000 667 1,000

Travel & Subsistence 2,250 750 1,125

Consumables 1,500 500 750

Academic Support 0.5 days per week

9,394 3,131 4,697

Additional Associate Support (Indirect costs)

15,780 5,260 7,890

TOTAL 57,924 19,308 28,962

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Successful KTPs at BU

Morning Data (Software systems): Reverse engineer and re-develop a modularised product. Instill software development management and control techniquesDorset Cereals (Food Manufacturer): Developed and implemented integrated marketing and production strategies that facilitated and supported a trebling of sales revenueElectronics Technicians Limited (Electronics Manufacturing): Identify and implement new production planning and processesEcrebo (Point of sale systems): Develop a handheld based point of sale systemAspire (Staff training for nursery schools): Building an on-line learning environmentQuattro Foods (Fresh and frozen foods): Extension of product shelf life.

http://www.youtube.com/watch?v=IalHGxYX7qk

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The Smart grant scheme supports SMEs carrying out R&D in the strategically important areas of science, engineering and technology. Three types of grant are available:• Proof of market - (max grant up to £25k)• Proof of concept - (max grant up to £100k)• Development of prototype – (max grant up to

£250k)

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Businesses can claim up to £5,000 towards the cost of expert advice if they classify as a start-up, micro or SME .

• The funding encourages businesses to seek out fresh knowledge that can help their business to grow and develop.

Criteria to apply:• This must be the first time working with the knowledge base supplier• You need specialist help to meet a business challenge

** Open round every 3 months, the next round opens on November 10th **

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Funded by the European Union –Horizon 2020 provides easy access to €2.8 Billion to SMEs for funding research and innovation businesses and accelerating the exploitation of innovations.

HORIZON 2020: SME Instrument

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HORIZON 2020: SME Instrument

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Contact Details:Lucy RossiterTel: 01202 962229Email: lrossiter@bournemouth.ac.ukTwitter: @bucybersecurity