Innovation

We all know that time doesn’t stand still and technology is moving forward all the time. Our tastes and needs for products and services are constantly changing.

Today’s popular product can quickly become outdated or obsolete. There is a need to constantly add value to our service offers and be able to compete more effectively.

As a business you have to innovate to keep up. Innovation isn’t just for technology businesses; it’s for all businesses, large or small, young and old. The Sheffield City Region has long been at the forefront of innovation in a number of key areas and the Growth Hub would like to support more and more businesses to innovate. Our aim is for the region to be widely renowned for its innovative businesses and growing local economy.

Working with your business, the Growth Hub can support the process of building sustainable growth

The Growth Hub can advise and enable your business to identify the right support to review current market trends, analyse disruptive technologies, develop and review current business models and build on core competences.

It can help you source the right support to develop and embed creative and innovative thinking to enable the business to stay ahead of the competition. Working with your business, the Growth Hub can support the process in building sustainable growth by integrating strategy development, innovation culture and capabilities, and new growth initiatives.

Innovation Programmes and Support

Among the services the Growth Hub can signpost you to is Innovate UK, a Government-funded agency that helps the science and technology innovations that will grow the UK economy. It helps businesses connect with partners, centres of research and access funding.

Since 2007 Innovate UK has committed more than £1.8 billion to innovation, matched by a similar amount in partner and business funding. It has helped more than 7,600 organisations with projects, estimated to have added more than £11.5 billion to the UK economy and helped create 55,000 new jobs.

The Growth Hub can also direct you to other innovation support, for example R&D tax credits and the EU’s Horizon 20/20 programme.

The Growth Hub also works with both Universities, Sheffield Hallam University and the University of Sheffield who can support with helping businesses innovate, develop new products, and access support to assist with innovation services.

More Information

Contact us to explore how the Growth Hub can support your business to become more innovative and compete more effectively.