F I N A N C E I N 2 0 2 0

Innovation Funding and Business Support

INNOVATION FUNDING & BUSINESS SUPPORT

• Innovate UK

• Business West

• Acceleration Through Innovation (Cornwall)

• The AeroSpace Cornwall Programme

• Marine-i (Cornwall)

PKF Francis Clark, Stuart Rogers

INNOVATION/ INNOVATIVE COMPANIES: TAX AND FUNDING

Topic What? Where?

R&D Tax Credits webpage https://www.pkf-francisclark.co.uk/services/research-and-

development-tax/

brochure https://www.pkf-francisclark.co.uk/wp-

content/uploads/2018/08/1036-Research-and-Development-

brochure_web.pdf

video https://vimeo.com/402150320

SEIS / EIS webpage https://www.pkf-francisclark.co.uk/services/eis-and-seis/

brochure https://www.pkf-francisclark.co.uk/wp-

content/uploads/2020/01/1045-EIS-and-SEIS-

brochure_single-page.pdf

Share Schemes webpage https://www.pkf-francisclark.co.uk/services/share-schemes-

staff-incentives/

brochure https://www.pkf-francisclark.co.uk/wp-

content/uploads/2018/08/381-Share-Schemes-brochure.pdf

Future Fund blog https://www.pkf-francisclark.co.uk/coronavirus/seven-things-

you-should-know-about-the-future-fund/

Supporting Innovation during

COVID

Julian Bowrey,

Regional Manager, East & SE Midlands

We are the UK’s innovation agency

We connect businesses to the

people that can help them

and fund businesses and research

collaborations in all economic

sectors, value chains and UK

regions to accelerate innovation

Innovate UK

Supporting the immediate response

• Ventilator challenge

• Vaccine manufacture

• Testing

• Therapeutics

UKRI Open Call

Support for the innovation ecosystem

• £40m de minimus call (800 projects supported)

• £750m announced 20 April• Live - Existing grant recipients:

£200m b/f; £300m Continuity loans (£210m) and grants (£90m).

• Tba - Open £191m support for 1200 companies @£175k

• EEN extra business support for 6000 companies to March 2022

https://www.gov.uk/government/publications/access-coronovirus-business-innovation-support-package

Advisory Support Services

Available to:

• SME currently receiving IUK support (funding and non-funding interventions)

• EEN clients receiving Horizon 2020 & EIC funding

• Other EEN SME growth clients

• New High Growth clients, inclreferrals from Growth Hubs & other org

C6000 SME supported over next 2 years

Survive (0-2 months)

Stabilise (3-6 months)

Grow (7-12 months)

Otherwise business as usual;

ISCF, KTP… (though we have delayed some competitions and

extended some deadlines)

10

ISCF: investing in challenge-led programmes

Ageing society

Medicines manufacturing

Data to early diagnosisand precision medicine

Healthy ageing

Accelerating detection of disease

AI and Data

Economy

Audience of the future

Next generation services

Commercialising quantum technologies

Digital security by design

Future of mobility

Faraday battery challenge

Self driving vehicles

National satellite test facility

Robotics for a safer world

Future flight

Driving the electric revolution

Clean growth

Prospering from Energy revolution

Transforming construction

Transforming food production

Manufacturing made smarter

Smart sustainable plastic packaging

Industrial decarbonisation

Transforming foundation industries

Low cost nuclear

11

Innovate UK Smart funding

- enables businesses to apply for

grant funding regardless of

technical or industrial area of focus

- funding for the best proposals in a

competitive application process

- ‘Always open’ competitions offering

a total of £100 million funding.

Latest round closes 27 May.

For businesses in any sector

Paul Holt, founder, Photocentric

Some tips and tricks

• Use the Knowledge Transfer Network (KTN) and other fora, to help build your network and connections

• Sign up to here more information about Innovate UK opportunities

• Check out international partnering and business support offered by EEN

• Challenges and competitions often look for different perspectives and new approaches

• Think about what you and your partners can do to address the scope and challenge

• Consider how this can help connect you with future suppliers and customers

• The time the call closes can vary so check the exact time and remember BST vs GMT!

@InnovateUK Innovate UKInnovate

UK

Access to finance and fundingEnterprise Europe Network support to SME’s

To help you make sense of the finance and grant funding options available to innovation and R&D businesses at this challenging time, we offer the following support, free to SME’s:

• Understanding of innovation and R&D grant funding and finance options available for short, medium and long term innovation and R&D challenges

• Assess eligibility and suitability

• Help shape your grant application

• Application screening

• Pitchdecks and investor readiness

Innovation grant funding we support

• Innovate UK• UK Research & Innovation • KTN iX• Eureka• Horizon 2020 • Signposting to alternative funding options

17

UK ranks 5th in Global Innovation IndexGrant funding support packages

First level review Up to 4 hours

• Project review• Application process and

guidance

Application ScreeningUp to 16 hrs

• Application screening critique: review of proposal and feedback on structure and content

• Kim Howat VHE tbc • (SharePoint capacity)

General Enquiry 1-2 hours

• Information gathering • Eligibility check• Overview of available options

For ongoing grant funding strategy supportUp to 16 hrs

• Grant funding strategy for future R&D activities

• Project scoping

18

UK ranks 5th in Global Innovation IndexFinance support packages

First level review Up to 4 hours

• Review of business plan and pitch / investor deck

• Introductions to finance options and routes

Pitch training – up to 16 hrs. Virtual workshop options TBC

• Review of pitch deck and pitch

• General ‘dos and don’ts’• Feedback on pitch with

recommendations

General Enquiry 1-2 hours

• Finance options – debt and equity

• Processes • Requirements of lenders• Suitability of company• Signposting

For ongoing support – an in depth A2F journeyUp to 16 hrs

• Support provided during and throughout investor discussions and negotiations

THE TEAM

Ben Masheder – Funding / Health-tech focus

Layla Burrows – Funding & grant application Screening

Susie Williams – Funding & grant application screening

Kim Howat – Grant application development

Kevin Brooks – Grant application development

Ed Tellwright – Finance

Simon Thompson – Financial modelling

Phil Tellwright – Investor readiness

Jake Ronay – Investor readiness

We cover the South West region incorporating Gloucestershire, Wiltshire, Bristol and Bath, Somerset, Dorset, Devon and Cornwall and the Isles of Scilly

Support is subject to eligibility checks

Innovation Acceleration

Pre start-up support

Restricted offer. Only available to those with a robust innovative idea

Intensive support – 12hrs

• Innovation Diagnostic

• 1:1 Innovation Advice

• Specialist Consultancy – e.g. legal, prototyping

• Innovation Surgeries – e.g. Intellectual Property

• Academic resources and expertise

Advanced support - Deep intervention – up to 24hrs

• IKE Innovation Masterclasses

• Innovation Strategy, Organisational and Culture change

• Student internships to address specific Innovation SME challenges

Innovation Fund

Small grants - £1,000 up to £1,500 for small pieces of work

Legal, product testing. Up to 100% intervention

Large Grants - Match funded grants, typically £2,500 - £25,000

• Proof of market/wider feasibility issues

• Proof of concept

• Prototyping

• Process Improvement / next generation

• New Product / Service to firm

• IP / Patent costs

Innovation Culture and Outreach

• Cornwall Innovation Club (includes partnership with the Chamber)

• Pop-up Innovation Centres*

• Pop-up on the road*

• IKE Innovation modular workshops

• Business Collaborations/Networks

• Innovation Studio - online digital tools platform (The first digital innovation platform to be built in Cornwall

and the Isles of Scilly)

*subject to review with regards to Covid procedures

Innovation Masterclass

With the aim of developing company champions and innovation working groups, businesses will gain

an understanding of the key elements of innovation and the tools to implement successful

innovation projects. The masterclass will cover:

• Creating an innovative culture

• Creating Customer Value

• MVP and Design Thinking

• Collaboration and Partnerships for Innovation

• Developing an Innovation strategy.

Contact Information

Innovation Starts Here… if you are interested in meeting with a Business Innovation Advisor contact us today.

Telephone: 01209 705 166

Email: ati@plymouth.ac.uk

Address: Acceleration Through Innovation, Pool Innovation Centre, Trevenson Road, Redruth, Cornwall TR15 3PL

Register your interest at www.aticornwallinnovation.co.uk

Information Classification: PUBLIC

The AeroSpace Cornwall Programme

Funding & Support

Information Classification: PUBLIC

We are AeroSpace Cornwall

We are a dedicated team of people that are passionate about promoting research,

development and innovation in

Cornwall.

We offer technical and commercial

support for businesses looking to

develop products, services and

technologies which could add

competitive advantage to the

aerospace and space sectors.

We are funded by the European Regional Development Fund

(ERDF) and Cornwall Council.

Who are we?

Information Classification: PUBLIC

Our aims.

• Increase the performance and competitiveness of local enterprises, create highly skilled jobs and launch new products into the marketplace.

• Develop the ‘innovation ecosystem’ for the space and aerospace clusters by incentivising local businesses to collaborate with other businesses and research institutions to accelerate their innovation.

• Increase the value and capability of the local space and aerospace clusters and secure ongoing investment in them

AeroSpace Cornwall will:

Information Classification: PUBLIC

How we can help.

We can help your business with the following:

• Understand the market opportunity– Grants for market research reports– Grants for market engagement which covers attendance at events, conferences or

meetings with industry experts– Fully funded experts to provide market intelligence related to the space, aerospace and

data sectors

• Developing the product– R&D project grants with capital purchases and salaries – typical funding is an average of

£50K for a £100K project, but can be as large as £150K

• Supplying the market– We can pay for experts to offer guidance in developing and commercialising products or

services. It includes knowledge transfer related to technology development, supply chain competitiveness, legal services (Intellectual Property, contracts, state aid and collaboration agreements) and financial services (R&D tax credits, investment, funding).

• Want to expand into Cornwall?– Are you a start up? We can offer you fully funded grants for up to £10,000– Not in Cornwall yet? We can help pay for travel and accommodation to meet key people

and see business premises in Cornwall. Also independent feasibility studies

Information Classification: PUBLIC

Who we work with.

AeroSpace Cornwall works with:

Manufacturing and engineering businesses who are, or

aspire to be, part of the space / aerospace supply chains.

Digital businesses such as those developing software

applications in the satellite communications, earth

observation, navigation and meteorology areas.

We work with a broad mix of businesses from many

different sectors, such as mining, manufacturing, software,

and technology, and all have a link to space or aerospace

Information Classification: PUBLIC

Contact Us.

If you want your business to benefit from the funding and support on offer, contact:

james@aerospacecornwall.co.uk

07496 840668

www.aerospacecornwall.co.uk

Marine-i enters a new phaseVision: Marine-i provides leadership and a focal point to galvanise and support business-led and market-driven Research, Development and Innovation.

• The new programme is focussed on accelerating development of innovative product ideas, working closely with businesses to the stage at which their products can be demonstrated and can be commercialised.

• Builds on the success of the initial Marine-i phase 1, which ran between 2017 –end of 2019. The new programme runs until the end of 2022, takes Marine-i to the next level, and has a fresh emphasis.

• Partnership - University of Exeter, University of Plymouth, Offshore Renewable Energy Catapult, The Cornwall College Group, Cornwall Marine Network, and Cornwall Development Company.

• Total Funding: £5,519, 710. ERDF: £4,146,161. Public Match: £596,639

What stays the same as the first Marine-i programme?

Our Aim – to create a sustainable and innovative marine technology sector in Cornwall, where businesses can thrive and succeed in global markets well into the future

Our Mission – “Marine-I should be mindful of the challenge posed by Climate Change, the need to transition to a Low Carbon Economy and the need to manage Changing Coastal Processes. The Marine-I programme should prioritise RD&I leading to Marine Technology Processes, Products and Services with the potential to have a significant impact in the Low Carbon Energy markets and other growth areas within the Ocean Economy, notably those associated with new technology addressing the Clean Marine agenda and Coastal Adaptation.” MI2 Strategic Partner Board

Our Alignment – we remain aligned with key regional, national and global strategies relating to the marine technology industry

The offer to businessesComprehensive RD&I support through engagement with world class research expertise – This accelerates the stage at which you can demonstrate your product and take it to market. We will listen to your ideas and then work closely with you to develop them – enabling the best support from our team.

Access to an exceptional range of test facilities. Including flagship test facilities for ocean engineering based at University of Exeter, University of Plymouth and Offshore Renewable Energy Catapult

Graduate placements to work in your business at a subsidised cost, for a period of 3,6 or 9 months.

Outreach programme. Marine-i regular events bring together thought leaders from industry and research experts to discuss market challenges and potential solutions, and access to national supply chain improvement initiatives.

Increased profile for your business. Marine-i case studies have featured in marine technology media around the world. You too can benefit from profile raising through taking part in Marine-i.

Grant support. Grant funding support is available through Marine-i for selected projects.

Key areas - Marine and offshore energy - Marine technology - Aquaculture technology - Novel Mooring systems / component development- Marine operations and maintenance strategies- Autonomous marine systems - Applied optimization - Optimization of Floating Platform design- Health/condition monitoring

Key Subsectors - Energy efficiency and generation - Wind/Wave/Current loading - Mooring design and analysis - Reliability and statistical methods - Material and mechanical behaviour. - AI and Data Science

Key Skills - Analytical/computational modelling and analysis - Experimental modelling and analysis - Hydrodynamic experimentation - Mechanical experimentation (performance characterisation, reliability and fatigue) - Marine data measurement and analysis - Environmental/Marine resource characterisation - Optimization - Machine learning & artificial intelligence

Software Capabilities - Ansys - SWAN- MATLAB - Python - Nemoh - SolidWorks- OpenFOAM- Orcaflex WAMIT

Accelerating business growth

The world class RD&I expertise and the outstanding test facilities available through Marine-i have already enabled:

• Many exciting new product developments and • Opening global market opportunities for

Cornish businesses.

We now aim to build further on this success and help more businesses accelerate their growth.

Innovate UK

Business West

Acceleration Through Innovation (Cornwall)

The AeroSpace Cornwall Programme

Marine-i (Cornwall)

THANK YOU…

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