Grants of up to Â£30,000 are being made available to London firms, as part of a funding package worth Â£6.
Grants of up to Â£30,000 are being made available to London firms, as part of a funding package worth Â£6.5 million launched by the London Development Agency (LDA).
The funding is split between a trio of schemes, all designed to boost innovation in certain areas of the capital by encouraging investment in research and links with research institutes or universities.
Half of the funding (Â£3.2 million) is going into the JumpStart Programme, which will offer grants of up to Â£10,000 to small businesses based in London, to help fund product development, streamline processes or enhance productivity.
JumpStart will also establish six pilot projects to help overcome Â“barriers to innovationsÂ” for women, disabled people and ethnic minorities and support business networks that promote innovation and improve links between LondonÂ’s academic and business communities.
The second project is the creation of a Â£2 million London Innovation Relay Centre. This will act as an information exchange for small businesses to keep them informed of technological developments in the rest of the UK and the EU. It will also provide details of funding and advice sources, training opportunities and other information.
The remainder of the funds is being put into the SME Innovation Support Programme, a project specifically targeted at businesses in deprived areas of the capital. Firms involved in the project will receive free expert advice on identifying new business opportunities or technical improvements to boost competitiveness.
For more details on these three projects, go to www.lda.gov.uk.