Innovation for Business

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Innovation for Business

• The Upper Lee Valley is the birthplace of the
  post industrial revolution.
• Jim Lewis Londons Lee Valley
• Innovation is the successful exploitation of
  new ideas it cannot be limited to high
  technology products and processes but must be
  extended to include innovation in the value-added
  creative and service sectors.
• LDA Innovation Strategy

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Partners Delivery Information
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Programme description

• The ULV Innovation for Business Project has been
  introduced to promote the ingenuity and
  creativity and growth of the current business
  occupants of the Upper Lee Valley. To increase
  RD, innovation and scientific base of the
  manufacturing and cultural and creative sectors
• January 2006- December 2007

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Aims

• To help targeted ULV SMEs get the right support
  giving them a competitive edge
• To encourage a culture of innovation and to
  successfully generate and exploit new ideas.
• To provide an infrastructure linking Higher
  Education Knowledge holders and industry in the
  ULV via the outreach specialists.

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Objectives

• To create a client orientated service. Making it
  easy for clients by guiding them through maze of
  business support.
• Participate in a ongoing innovation network
  linking inventors, manufacturers and HE to give
  ULV businesses the widest range of publicly
  funded Innovation Environmental support as
  possible.
• Referring clients to appropriate services e.g.
  Advance project

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Who is it for

• SMEs in the ULV.
• Manufacturing,
• Cultural Creative Green Economy
• Biotechnology Industry
• BME, Disabled Women owned/led SMEs

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How it works/Key programme steps
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System
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The Innovation Hub
Health Biological Sciences
Middlesex University Translation
Institute (TEXTRA Translation Services)
Product Design Engineering
Language Translation
Art Design
Environment
Dance, Music Theatre Arts
Computing IT
Business Law
Centre for Research into Creation in the
Performing Arts (RESCEN)
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Grant funding available

• No direct cash funding under project but many
  specific funds available through MU and DDA
• Up to 30 hours continual business support
  available
• No costs for SME, fully subsidised by ERDF

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Business benefits

• Greater profitability through innovative use of
  existing or new resources and technology.
• Growth in sales, creation of jobs job
  security, spend on RD, number and quality of new
  products, quality of processes used
  environmental awareness.

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Details for further information

• ERDF Project management
• William.clark_at_urbanfutures.org.uk
• Outreach
• Nigel Day - nday_at_nlcc.co.uk
• David Haagenson - dhaagensen_at_nlcc.co.uk
• Colin Tomlin- colin_at_janaanconsulting.com
• Knowledge and Technology transfer
• Ian Lawson - idlawson_at_dda.gov.uk
• Steve Lane - s.lane_at_mdx.ac.uk