More than £40m is being invested in seven Government-funded “Solutions for Business” products, which will help small and medium-sized businesses across the West Midlands to develop their innovative capacity.
The support will be delivered through a collaboration of government agencies, universities, European funding and Business Link to provide a range of services in the areas of knowledge transfer and innovation support.
The following organisations are involved in providing help:
– Regional development agency Advantage West Midlands (AWM),
– Technology Strategy Board (TSB),
– Business Link West Midlands (BLWM),
– Higher Education Funding Council for England (HEFCE),
– University of Wolverhampton,
– Aston University,
– Coventry University.
The universities will be called to drive forward the investment in Knowledge Transfer Partnerships, Innovation Networks and Innovation Vouchers while Business Link West Midlands will enhance its core services to focus on innovation, resource efficiency and design.
Detailed information on the support will be communicated directly at a territorial level to the SMEs in the coming weeks and months.