Government announces £1.1 million innovation boost for SMEs

The Government has announced that a further £1.1 million will be made available through the Innovation Voucher Scheme that was launched earlier this year. This additional funding is for companies who want to use public open data to develop products and prototypes.

The Fund was initially created by the Business for Innovation and Skills (BIS) in September 2012 and provided £5k for a UK based start ups and SMEs to work alongside external experts and gain knowledge o help their business.

The scheme was set up to accelerate economic growth by supporting business-led innovation. Businesses that are involved in the Agri-food, Built Environment, Space industries, Energy, Water and Waste sectors are eligible to apply.

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