SME Innovation Call- July 2022
February 25, 2022
Are you an SME with intellectual property you’d like to take to market?
AgorIP is inviting small to medium sized businesses to apply for support! We can help you bring new technologies and ideas to the market. We want to facilitate the commercialisation of your research.
AgorIP is a unique innovation project working to bring ideas and inventions to life. Part funded by the European Regional Development Fund, Welsh Government and Swansea University, AgorIP can help SMEs to realise the potential of their ideas, products or research. Our experts are here to help take IP to the marketplace and make it a commercial success.
Our call is for innovation and technology transfer projects to come forward and apply for our support, assistance and potential access to investment which will be managed by your designated Technology Transfer Manager (TTM) at AgorIP.
If you would like to book on to our Support & Enquiry surgery, please email [email protected] to book your space. This will give you the opportunity to ask any questions about your IP and/or about the application process.
We’ve supported numerous SMEs since 2016. Each project is unique, and we tailor the support and needs around each one. Below are some examples of the support our TTMs have given recently:
- Arranged investments of £6,000 towards technical support for field trials
- Invested £6,000 towards Intellectual Property protection
- We’ve invested £5,000 to produce a specialist marketing report
- Supported the development of a prototype with £4,000 of investments
Due to our funders’ audit criteria and the University’s procurement policies and procedures, the investments allocated per SME project will be administered between the University and the 3rd party supplier facilitating the service for the company e.g. Market research, Patent Filing, Prototype Development, Providing Commercial Mentors or Specialist Market reports. NB – No direct payments will be made from the University to the SME.
As AgorIP is externally funded through EU structural funding, the project is target-driven with key indicators and outcomes to achieve by June 2023. As a result, supported SMEs will be required to complete paperwork with the support of their designated TTM for audit purposes. The following is an outline of AgorIP’s indicators and targets:
- Patents registered
- Non-financial support
- Employment increase
- Private investment
- New enterprises supported
- New to market products
- New to firm products
- Supported research institutions
In addition to the above indicators, AgorIP has a responsibility to deliver against Cross-Cutting Themes, including sustainability and equal opportunities and this is a requirement of any investment agreed.
AgorIP will engage with all SMEs accessing investments to achieve the following:
- Access and participation with the Welsh Government Future Proofing Toolkit
- Adoption/improvement of a Sustainability Strategy
- Adoption/improvement of an Equality Strategy
Agor means ‘Open’ in Welsh and IP stands for Intellectual Property (IP). Having the right type of intellectual property protection stops others from using or copying the names of products or brands, inventions, the design and look of products and anything written, made or produced.
This SME Innovation Call is open to SMEs based throughout Wales, covering the two regions i.e West Wales and the Valleys and East Wales.
Who we work with and what can we provide?
- IP Protection
- Business Strategists
- Legal Contract Managers
- Specialist Market Reports
- NHS Assessment Guidance
- Mentors & Commercial leads