Ulster University, to date has completed over 500 projects for businesses who have taken advantage of the innovation voucher scheme. An Innovation Voucher provides funding to small and medium sized businesses to work with an expert to help businesses innovate, develop and grow. This funding is available to a wide range of businesses, let us tell you more about it.
Whilst innovation is widely recognised as an essential condition for business growth, sustainability and competitiveness, Northern Ireland has historically lagged behind in terms of its levels of innovation activity, with a rating of 12th (of 12 regions) by the European Innovation Scoreboard ranking.
Innovation is about doing things differently or doing different things to make your business better.
An Innovation Voucher can help you take a creative approach to tackling specific business issues. Typical projects are:
- Ideas for new or improved products, processes and services
- Validation trialling of new products and services or enhanced products and services
- Access to specialist information and expertise on new materials
The aim of the Innovation Voucher is to build links between public sector knowledge providers and the business community, and help improve the innovation capability of your business. In the North West, some of the providers include North West Regional College, Letterkenny IT, Sligo IT and Ulster University.
Sean McCaul Business and development Manager at Ulster university, tells us that since the programme has started they have completed over 500 Innovation Voucher projects.
“We have completed over 500 Innovation Voucher projects since the programme started but there still appears to be quite a few businesses that are not aware of the scheme.”
We are sure that having access to the funds needed and expertise available at the 39 registered knowledge providers throughout the Island would be of great benefit to many of our members. If you would like to learn more about the Innovation Voucher Programme, click here.