What are the Innovation Vouchers?
Our Innovation Vouchers are for you to access 33% funding for your business growth project to help you create jobs for Tees Valley workers as a result of your innovation project. Innovation can be anything that's innovative to your business and doesn't have to be you creating a new product or service.
What type of projects can you do?
Some example projects you could use our Innovation Vouchers for might be:
Support to help you overcome barriers within your business e.g. IT, physical resources, technical, scientific etc.
R & D support for a new product or service within your business
(*please note this is not an exhaustive list if you would like to know about innovation for your business please get in touch with us.)
How do you access our Innovation Vouchers?
If you're a Tees Valley business based in Darlington, Hartlepool, Middlesbrough, Stockton or Redcar & Cleveland and you would like to access our Innovation Vouchers to grow your business get in touch with us now to arrange a meeting with one of our Growth Consultants.
"I was already aware of the level of support that Tees Valley Business Compass provided but when the company began to develop the two new web tools, I knew it was the right time to get in touch.
“Shak’s guidance and understanding of the business enabled us to access funding which will allow not one, but two of our business ideas to become a reality."
INNOVATE TEES VALLEY
"Utilising the Innovate Tees Valley project through Teesside University and its partners and also accessing Innovation Vouchers through the Business Compass, SMEs can benefit from a comprehensive structured programme to help them innovate new products, processes and systems."
TEES VALLEY MAYOR
"Creating jobs in Tees Valley, real jobs that can support families, means supporting small businesses as they grow. The Combined Authority invested in the Business Compass Service to create a team of Growth Consultants that are reaching out to small, growing firms and giving them the resources and confidence to scale up."