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fund

Grow on Growth Fund - Led By Lincoln University

Led by University of Lincoln, this funding initiative enables companies located in business incubation environments (e.g. business incubator, innovation centres, enterprise centres etc.) ‘fly the nest’ and prepare their next stage of growth. Here is the link to our dedicated website where interested companies will find more information about eligible criteria, application process etc.: www.growongrowth.co.uk. In a nutshell:

  1. The Grow on Growth Fund proposes grants between £20K and 100K to companies near to ‘incubation exit’
  2. Intervention rate = 40% max. Match funding (private sector) will need to be identified to 60% min.
  3. The grant covers capital assets mainly: capital investment in property, buildings and refurbishment costs; commercial rents; plant, machinery & equipment; IT and new technology; staff recruitment and training costs.
  4. The grant needs to be spent within 12 months max.

The scheme closes in March 2017 which leaves tenant companies time to plan how best to use this opportunity. For any further information, companies can contact me: [email protected]

How to grow wings without jumping off cliffs

By Sandra Butterworth, director of innovation, the BIC

“We have to continually be jumping off cliffs and developing our wings on the way down.” (Kurt Vonnegut)

Each time I read Vonnegut’s quote I find myself both admiring the sentiment and feeling nervous about it. I love the idea of creating a culture in which, as businesspeople we feel able to take leaps of faith and invest, both emotionally and financially, in our ideas. There are hundreds of products that we use in our daily lives that wouldn’t be there without the brave entrepreneurs and inventors willing to take risks.

However, as someone who advises businesses on the best way to develop and launch their innovations every day, I don’t see the need to jump off as many cliffs in the modern business environment.

Happily, we find ourselves in a culture where most things can be tested and proven before they launch.

It’s for this reason that, on June 12, we will be running an event called Will Your Idea Work at the Sutherland Institute in Stoke-on-Trent. The event is free to attend and will be packed with the kind of information that minimises your own leap of faith when launching a new product.

At the same time, we will be conducting the event in the spirit of Vonnegut’s quote about developing wings by encouraging bravery and innovation in business.

Will Your Idea Work is a half day event that will give you the skills to take your idea from concept to prototype and beyond. It will include presentations from two entrepreneurs who have successfully taken their ideas to market.

The first of our speakers will be Deb Leary OBE, the CEO of Forensic Pathways, who will talk about the development of the products sold by her company. Next will be Richard Olphin of Cabbunk Limited who will discuss the development and launch of his company’s innovative system to create up to two extra children’s bed in a motorhome for couples.

There will also be presentations from trademark attorney Swindell & Pearson, manufacturing expert Arvada Strategic Marketing, Stafford-based product design consultancy Haughton Design, 3D printing firm the 3D Creation Lab and yours truly.

Between them, these five organisations will address intellectual property protection, product marketing, product design and rapid prototyping, as well as how to fund your idea. The tickets for the event are free and can be booked via Eventbrite here.

So if you find yourself, metaphorically speaking, at the edge of a cliff, deciding whether to take the crucial step forward, come along to our event on June 12. We can help you develop wings with less risk.

Will Your Idea Work?

WHEN : Thursday 12th June 2014 14.00 to 17.00

WHERE : Sutherland Institute, Longton, Stoke on Trent, ST3 4HY

WHAT IS IT : Half Day Event to give you the skills to take your idea from Concept to Prototype Stage. Includes talks from two entrepreneurs who have successfully taken their ideas from concept right through to Market - Come and learn from the Experts!

Includes talks from two entrepreneurs who have successfully taken their ideas from concept right through to Market

Come and learn from the Experts!

  • Can your Innovation be Protected?
  • Is there a Market for your Idea?
  • Concept Design & Development
  • Prototype Development
  • What funding is currently available to you
  • What to do whilst you Prove the Concept
  • Is is worthwhile proceeding?
  • Is it feasible to make it?
  • What are your options in making a prototype? Includes tour of prototyping facilities

FEATURING

Deb Leary OBE, FRSA Forensic Pathways Limited/ClarityIntel - Forensic Stepping Plates and beyond

Richard Olphin Cabbunk Limited - What Worked for me!

This event is Free of Charge to Staffordshire based individuals and small and medium sized companies

Tel: 0845 845 8020 or e-mail [email protected]

More Information

Tel :: 01782 333798


SBIS II Funding Grant



Specialist Advisor Application



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Really pleased one of our clients @StoneJunctionPR has benefited from the Grow on Growth Fund https://t.co/7nX3998uuO

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RT @takecareofUUU: Stop thinking you're getting older. U have experience, value, wisdom & a lot more to give than U did yesterday.#TA http:…

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Our Innovative Entrepreneurs seem to be getting younger every day which is why we are proud to sponsor Young Enterpr…https://t.co/JNgTC11f6n

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RT @Biomaster: We're working with @StaffsBIC to try and boost local innovation! Read more here - http://t.co/8fgA7kARe5 #Stafford http://t…

- 14 days ago

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Getting ready for our full day Leadership in Innovation workshop Wednesday, 22 July - just have two places left now!…https://t.co/sCYlkCyehl

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BIC | Tag Cloud

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