The SME Innovation Programme is designed to help SME’s realise their innovation potential. It offers project funding and advice for eligible SMEs with an innovative project that will help their business to adapt and/or grow.
Today, we need innovation more than ever. Every business is feeling the pressures of globalisation, technological changes and of course the impact of Covid19.
The SME Innovation Programme offers:
40% grant funding for projects from £5,000 to £50,000.
Signposting to industry experts for independent confidential advice.
What is business innovation?
For us, innovation is the process of using new ideas and technology to improve a business. It doesn’t have to be a ground-breaking idea, just something new to the business to help it to survive and adjust to new market conditions. The ultimate goal of innovation is to reinvigorate a business, creating new value and boosting growth and productivity.
What types of project are supported?
Developing a new product, service or process.
Exploring a new business model or adopting new technologies (e.g. bespoke software and digital innovations).
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The North East Technology Park provides a dynamic and supportive environment to accelerate the growth of ambitious, innovative, high tech companies into global markets. NETPark encourages collaborative multidisciplinary links, driving innovation, enterprise and economic prosperity.
We provide companies with access to a focused and international community where talent flourishes, ideas are generated and businesses have the support and resources to compete with the best in the world.
NETPark North East Technology Park
NETPark, North East Technology Park,
Sedgefield, County Durham TS21 3FD
Call Us: (+44) 01740 625250
It fits perfectly for us that we’re surrounded by like-minded companies at NETPark. There are a number of highly skilled people in the area who can help us grow our business. The facilities and services offered by NETPark are first class, they make office life simple and engaging.
The proximity to the universities and the infrastructure are very important factors. Ultimately having a presence in Europe is very valuable to us and we intend to stay at NETPark for many years to come.
Access to quality facilities was one of the main drivers for deciding to locate the business at the NETPark. We have been able to use this as a launch pad to link into support from CPI and world-class expertise from Durham University.
We initially came because of the printable electronics centre but access to a highly skilled semi conductor workforce in the North East has been a key factor in us staying and growing here, as well as the value for money office space and the access to funding.
CPI has developed a specialist offering to support SMEs looking to develop their printable electronics applications and our partnership with Business Durham has been instrumental in attracting several SMEs to locate here in the region.
The quality of the facilities at NETPark and the attitude of staff is first class. It has a really dynamic, innovative atmosphere.