Plymouth University Continues Business Support

After securing a multimillion-pound funding boost, the University of Plymouth offers continued access to expert support for innovative businesses in Cornwall and the Isles of Scilly.

Part-funded through the European Regional Development Fund (ERDF), Acceleration Through Innovation 2 (ATI2) will run from now until the end of 2022, helping businesses across multiple sectors through one-to-one support, world-class research, consultancy and grant funding beyond the current economic landscape.

The latest award follows the success of Acceleration Through Innovation (ATI), a £3 million ERDF project which launched in 2017. ATI engaged over 580 businesses, awarded 48 innovation grants with a total value in excess of £1 million and enabled 61 businesses to bring new products, services and processes to the market or their business.

The second phase of funding totals £3.4 million and will make a further £500,000 of grants available for businesses seeking to drive growth and productivity resulting in sustainable change and new jobs.

Jo Hancock, Programme Manager, said: “This is an immensely challenging time for businesses and once we emerge from this situation, they are likely to need support more than ever. So, it is fantastic that we have secured additional funding, enabling us to continue our work with small to medium-sized enterprises (SMEs) across Cornwall and the Isles of Scilly. ATI2 will deliver high value, high impact interventions to SMEs with specific innovation needs that have the potential to lead to scalable and commercially viable new products, services or processes.”

Further information at www.aticornwallinnovation.co.uk