CLOSING DATE IS 12 DECEMBER 2013
The Goldman Sachs 10,000 programme run by Aston Business School provides high quality, structured and practically focussed support to small business leaders who are seeking to grow their businesses.
The current round for applications closes on 12 December 2013 so if you are interested in applying please visit:
Staff at the Business Innovation Centre raised £48 for Children in Need by selling cupcakes to their fellow tenants at the Sutherland Institute in Longton, Stoke on Trent. Most of the tenants at the Sutherland Institute are BIC clients and they were more than happy to purchase the cup cakes for such a great cause. Many thanks to Reels in Motion, Interlock Digital, Haven Care, Hedgehog Security Services, 3D Creation Lab and the staff at Longton Library.
Thank you for your kind donation of £48.00 to BBC Children in Need. Your reference is DDYL-48922295.
Your donation will make a real difference to the lives of the most disadvantaged children and young people in the UK.
From money generously donated by the public, BBC Children in Need is able to make grants to voluntary groups, community projects and registered charities who offer practical lasting support to children and young people to help them to have a childhood that is:
- Happy and secure
- Allows them the chance to reach their potential
If you would like to find out about all the ways to help BBC Children in Need please visit our website at www.bbc.co.uk/pudsey
There are also lots of ideas about how you can get involved with BBC Children in Need and how you can download a fundraising pack.
Thank you once again for your support.
BBC Children in Need
Tel: 0345 609 0015
Donated securely through MyDonate from BT
BBC Children in Need is a registered charity England & Wales no. 802052 and Scotland no. SC039557
What IP Do You Own
Wednesday 7 November, 09.00 – 13.00
Beacon International Centre, Staffordshire Technology Park, Stafford, ST18 0GB,
On 11th September 2013 the Intellectual Property Office (IPO) published patent number GB2500000.
The road to this landmark figure has been long, starting in the fifteenth century when the Crown granted monopolies to manufacturers and traders. Henry VI granted the earliest known English patent for invention to John of Utynam in 1449 which gave him a twenty year monopoly for a method of making stained glass. However, patents were not numbered until 1852 when the patent system was overhauled. The first numbered English patent, 1/1617, was granted in 1852 to Rathburn & Burgess for “Engraving and printing Maps, Plans &c”.
Interesting patents since then include in 1901 the patent to produce “Meccano”; in 1924 a patent covering “telegraphy” and in 1966 a patent to cover a “built in flashlight exposure device for a camera” and in 1998 a patent to cover the process of “nuclear transfer” which allowed the first mammal to be cloned – Dolly the sheep!
And Patent Number GB2500000?
Submitted by Liverpool John Moores University for “Microwave monitoring using an electrically conductive textile!”
If you think you have an idea which could be patented or covered by any other kind of Intellectual Property Rights, you may be interested in joining the BIC at its next workshop entitled “What IP to you Own?” on 7 November 2013 in Stafford.
New Product Development Wednesday 2 October, 16.00 – 20.00
Beacon International Centre, Staffordshire Technology Park, Stafford, ST18 0GB, United Kingdom
Cyber Security & Forensics Thursday 17 October, 12.00 – 16.00
Sutherland Institute, Longton, Lightwood Road, Stoke on Trent, ST3 4HY, United Kingdom
A half day workshop looking at New Product Development designed to help employees in all stages of NPD to understand the whole process so that they can contribute all along the NPD process. We look at taking an idea from concept through to market and what a company needs to be aware of and understand to reduce risks and ensure a successful new product development.
A lunchtime Networking Event looking at the subject of Cyber Security & Forensics. A number of local BIC clients work in this field and I thought this would be an interesting topic to bring local companies together.
Business Support Event
Tuesday 1 October, 08.45 – 13.00
Fazeley, Nr Tamworth, Staffordshire, B78 3SA, United Kingdom
Huge range of support services that are available to businesses in the Tamworth and Lichfield area
Wednesday 25 September, 16.00 – 18.00
Sutherland Institute, Longton, Stoke-on-Trent, ST3 4HY, United Kingdom
Innovation doesn’t just happen – it needs to be managed!
You need to take time out of your business to think and plan introducing new ideas, products etc after all we have meetings for sales, marketing, HR and finance so why not Innovation?
Why do we need to Innovate
- Innovative Companies outperform their competitors
How can we bring Innovation into our business
- Brainstorming Techniques for new ideas
How can we use it to help grow our business
- New Markets? New Products? New Liaisons? New ??
If you are about to graduate or have graduated since 2009 you may be interested in entering this competition to win £10,000 to help develop your business.
There are seven categories but you may be particularly interested in the “Product Design” Category where they are looking for business ideas to find new ways to serve the entertainment, recreation, food and accommodation sectors through innovation in product or process.
Closing date is 13 October 2013
The route to Innovation and the development of an innovative idea can be likened to the journey taken by famous explorers. They were all striving for new discoveries in new lands and were full of trepidation about the journey.
Gils van Wulfen wrote an interesting article on this subject and quoted the following taken from an advertisement in a London newspaper in 1913:
“Men wanted for hazardous journey. Small wages, bitter cold, long months of complete darkness, constant danger, safe return doubtful. Honour and recognition in case of success”
The journey was an Antarctic Exploration led by Sir Ernest Shackleton to the South Pole.
Who would volunteer for such an event? Who would volunteer to take an innovative idea from concept to market? Both can be long arduous journeys with no guarantees of success BUT can be very rewarding if you are successful.
For assured success there are certain areas of innovation and new product development that need special consideration:
Time should be spent on considering whether a new product or innovation has the scope for protection, whether that be in the form of a patent, a trade mark or registered design etc. Protection can give you security and a head start in the market. Did you know that the top “dead” earner in 2012 was Elizabeth Taylor earning $210m from Copyright Royalties
It is important to be re-assured that there is a market for your product before you start spending too much time and money on your idea. Analyse current markets around your idea. Consider carrying out a market survey to ascertain interest and potential market price. It’s important to ensure that your selling price covers production and all other associated costs and that you can also still make a profit. If you can’t then why proceed?
Financing your Project
It takes money as well as time to develop and take a new product to market and people should not be under any illusion that there are free handouts to help. If you can’t part fund your own idea then why should anybody else invest in your idea? You need some funds to start. If your idea is good enough there are a number of schemes to help from grant funding to loan funds to Business Angels to Venture Capital. Collaboration with another company is always a plausible option as you will be sharing the journey and hopefully sharing the profits.
There are all kinds of organisations who can help you with your new product development and that in itself is a long journey, currently the average time for the development of a new product or process is 18 months. Never launch your product too early, test the product and the market as
much as you can before finally promoting it. In a world of high litigation you don’t want to be involved in an expensive product recall.
Nobody is going to knock on your door and ask you if they can buy your product, you need to spend time and money telling people about your idea. This could be face to face, by e-mail, on the internet or by using social media. And when you’ve done that then you need to go round again because people are bombarded by promotion every day from all avenues and people’s memories are very short.
So Innovation is a long journey but the end result can be very rewarding!
Since the launch of the BIC’s new round of funding in April this year, acquired to help local businesses employ external Specialist Advice, the BIC has already awarded funding to thirty six companies in Staffordshire.
The funds have been used to pay for advice on strategic marketing; new product development; financial advice; specialist IT support; costs for the expansion of manufacturing production facilities and solicitor fees to draw up specialist licensing agreements for an innovative new product.
We are delighted to invite you to join us at an exclusive, ‘business innovation masterclass’ for GrowthAccelerator which is the premier business growth service led by the private sector and backed by government. Business’ that excel during recessions use innovative new approaches to fuel sustainable growth and deliver great profits.
Taking place on Tuedsay 10 September at the Stone House Hotel, Stone, Staffordshire this event will introduce you to creative problem solving techniques, help generate new ideas that will unlock new market opportunities, grow sales and improve bottom line performance. If you have the ambition to grow 20% per annum, then you really can’t afford to miss this insight into the kind of specialist innovation expertise larger firms rely on.
You will learn:
• How to find out what value your customers are really buying from you
• How to generate, capture and validate new ideas
• How to put your ideas into practice and make them happen
• How to ‘break the pattern’ using focused tools and techniques.
Although this hugely popular Masterclass is usually chargeable, this event is being funded by the Department of Business, Innovation & Skills (BIS). Therefore there is no charge for attending on this occasion, but bookings are limited to two places per company.
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