What is the BIC Staffordshire grant?
The BIC is pleased to announce that their current European Regional Development Fund project to encourage and promote Innovation within Staffordshire has been extended until 2023. The BIC runs a series of Self Development Workshops/Webinars to help people research, protect, develop and market their new ideas; provide up to 12 hours one to one support and happy to announce that their New Product Development Grant has been increased to up to £9,000.
The BIC Staffordshire Grant of up to £9,000 is there to help Staffordshire based SMES operating B2B to pay for outside specialists to help them research, protect, develop and launch to market a new product or service. It is offered at a 37% contribution so that to get the full £9,000 grant the company would need to be spending £24,000 on external consultancy advice on their innovations. The BIC offers one to one practical business advice; grant funding; self-development workshops, webinars and Networking Events. It is part of a European network that helps businesses to evaluate and develop inventions, innovations and new technologies.
Staffordshire BIC is supported by various local sponsors, the European Regional Development Fund, and various other national and local funding organisations. This means that much of the work carried out is free of charge.
Who can the Staffordshire BIC Help?
- Inventors
- Entrepreneurs
- Small and medium sized businesses
- By providing advice on new product and new business ideas
- By currently offering a grant of £5,000 for New Product Development
- Through the provision of seminars and workshops to encourage innovation and New Product Development
- By sourcing UK and European grants for funding and innovation
Eligibility
- SMEs in Staffordshire.
- Trading for at least 12 months.
- Operating business-to-business (B2B) i.e. selling products or services to other businesses.
- Project costs that can be covered are the purchase of external expertise and prototyping for a project that is commercially viable and will make a positive impact (i.e. create jobs).
