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Today’s popular product can quickly become outdated or obsolete.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. South Yorkshire 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
The Sheffield Innovation Programme is a regional initiative which aims to stimulate business growth and promote the development of long-term relationships with SMEs by providing access to a broad range of academic expertise and university facilities. The support is in the form of bespoke research and innovation based consultancy, workshops and other events. Find out more here.
The latest wave of Technology Developer Accelerator Programme (TDAP) funding is now open. Up to £135,000 of grant support is available to ambitious micro, small and medium-sized enterprises who are working to develop on or off-vehicle technology, products or services that support either zero-emission vehicle development or the shift to net-zero carbon automotive products. Find out more and apply here.
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.
Other opportunities for support
Our Support Finder lists all innovation support projects and initiatives that are currently available that we know of and our Business Tools provide useful information and guides to help you operate your business and innovate to get ahead. Feel free to have a browse at the different options available to you.
We also have an interactive calendar of events that details all known events taking place around innovation and opportunities that may be of interest to you. If you know of something taking place that you can’t see on the calendar, but believe would be of use to fellow businesses in the region, please do submit details here.
Contact us to explore how the Growth Hub can support your business to become more innovative and compete more effectively.