Embed Size (px)
Citation preview
Support for Innovation
Charlie Rea
Manufacturing Business Growth Manager
24/06/2015
We are the place businesses go to grow
“We are working to make Britain the best place in the world to start and grow a business”.
Matthew Hancock MP,Department for Business, Innovation and Skills
We are the place businesses go to grow
Key Government sponsored service
Fundamental to the Government’s Plan for Growth
Single port of call for Government Support
Aimed at driving private sector SME growth
For businesses that want to improve and grow
Highly intensive bespoke service
Access to specialist expertise
The Business Growth Service
The Business Growth Service brings together into a single service;
• GrowthAccelerator
• Manufacturing Advisory Service
• Intellectual Property Office IP Audits
• Design Council Design Mentoring
• Export support through UKTI and UKEF
• Linked to InnovateUK and the British Business Bank
Objective
To help you to achieve your potential by identifying barriers to growth and providing tailored support that fits your needs, including:
Coaching Consultancy Mentoring Training Access to finance Export advice
Achievements
Over the past three years we have achieved some notable successes
Combined these two services are on target to deliver at least £2.6bn of economic growth (GVA) and create 55,000 new jobs
Businesses supported by GrowthAccelerator are growing 4x faster
97% would recommend the service
Since January 2012 MAS has helped 17,000 manufacturers improve productivity and address barriers to growth
We have helped to raise over £100 million in external finance
How it works
Identify your needsUndertake a business review
Identify barriers to growth
Opportunities to grow
Apply your strategyGrant support for in-depth project
Selection of an Expert if required
Hit your growth targetsMeasurement of the business benefits when the project is complete
How we can help your business to grow
Manufacturing Strategy
Manufacturing Innovation
Manufacturing Efficiency
Manufacturing Supply Chains
Further support for High Growth companies
Business Development CoachingEquips participants to implement high growth strategies
Leadership & Management trainingImproves the skills and capabilities of managers
Access To FinanceImproves business investment readiness and ways to source / pitch for investment
Growth Through InnovationImproves internal capabilities for development of new product and market strategies
Intellectual Property AuditDesign Mentoring
Eligibility
To be eligible for Manufacturing support, your business must:
Meet the EU definition of an SMEHave fewer than 250 employeesHave a turnover of less than £40m
Be registered in the UK and based in England
Be a Manufacturer
Have growth potential
Innovate UK
Fund, support and connect innovative businesses to accelerate sustainable economic growth:
Identify and invest in the sectors that have the greatest potential for innovation2014 - 2015 launched more than 80 competitions for up
to £536 million government fundingHelping UK business make the most of the innovation
funding and opportunities in Europe such as Horizon 2020
Knowledge exchange support via Knowledge Transfer Network and Knowledge Transfer Partnerships
Innovate UK
The KTN is the UK’s innovation network:
Brings together businesses, entrepreneurs, academics and funders to develop new products, processes and services
Strategic Interdisciplinary Entrepreneurial Commercial
Connecting people who wouldn’t
usually meet to solve innovation
challenges
Bringing together businesses and
researchers from different sectors
Linking people with new ideas
and technologies to partners and
customers
Introducing innovators to public and private funders
and investors
Case Study: Versarien
Founded in 2010 to commercialise an innovative process for making metallic foams
Versarien Cu, a micro-porous copper that can improve efficiency up to 10x when added to liquid cooling systems
Case Study: Versarien
Won an Innovate UK grant to help develop the technology:
Acted to validate the technology and shared the risk with shareholders
Received business development coaching from Business Growth Service:
Supported leadership team manage the growth journey
Achieved rapid growth – from 2 people working out of a garage to a £5m business working on 4 sites
2D Tech Dr Nigel Salter, CEO presenting 13:30 25th June
Case Study: Fonebox
BGS support & results
Supported by BGS through: Innovation consultancy on NPD process, IP, business
strategy… Manufacturing Innovation product design grant
Supported in planning for Continental roll-out by UKTI
Sales turnover of c.£800k forecast for first 12 months
Support by BGS through:
Innovation consultancy on NPD process, IP, business strategy…
Manufacturing Innovation grant for product design consultancy
Supported in planning for European roll-out by UKTI
Growth of c.£800k forecast for next 12 months
greatbusiness.gov.uk/businessgrowthservice
