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Innovation Vouchers

Innovation Vouchers are available to eligible local businesses in the West Midlands through a consortium comprising of Aston University, Birmingham City University and Un8iversity of Wolverhampton.

How Innovation Voucher work:

Part funded by the European Regional Development Fund (ERDF), they allow small to medium-sized enterprises (SMEs) in Greater Birmingham and Solihull, Black Country and The Marches to:

  • Apply for financial support, an Innovation Voucher, worth £2,500 to access external expertise with a knowledge base organisations (research institutes) to support an innovation project.
  • access free support in the form of workshops so that participating companies become more competitive and manage growth effectively.

This scheme targets SMART specialisation sectors and aims to develop new processes and systems to improve efficiency of SMEs and to bring new products and services to market.

The project will deliver 190 vouchers in years 2016-2019. Each SME needs to match £1 received as the Innovation Voucher with £1 of its own company funds.

Please note your data will be stored on the Business Solutions Centres and Black Country Growth Hub databases.

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