FAQs
We hope that we have addressed most of the questions you might have about the Innovation Voucher scheme on our website.
However, if you have a question that we have not covered here or elsewhere on the wesite, please contact the Advice Centre by emailing enquiries@innovationvouchers-wm.com or calling 0121 204 3883.
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About the Scheme (17 entries)
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The Innovation Voucher Scheme invites West Midlands small and medium enterprises (SMEs) to apply for a voucher to the value of £3000 to purchase academic support from 1 of the 13 ...
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The main objective of the Innovation Voucher Scheme is to increase interaction between universities and SMEs in the West Midlands to boost firms' innovation capability. The Innovation Voucher Scheme has considerable ...
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The next round of vouchers (Round 7) will be funded by the Regional Development Agency - Advantage West Midlands (AWM) and the European Regional Development Fund (ERDF). ...
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An innovation project can take many different forms. It could mean selling an existing product or service into a new market, finding more cost effective ways of doing things or adding ...
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Solutions for Business is a suite of publicly funded business support products and services designed to help businesses start, grow and succeed. The right advice, loan or grant - ...
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The Innovation Voucher scheme is led by Aston University, from the Innovation Voucher Advice Centre, which is based in Aston Business School.
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The 13 universities involved in the Innovation Voucher scheme can be found on the Knowledge Providers page of this website.
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Please let the the Advice Centre know by emailing enquiries@innovationvouchers-wm.com or calling 0121 204 3883. However, please note that details of your Innovation Voucher project will still be circulated ...
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Yes, as long as the subsidiary company is self-sufficient. If you are unsure about your eligibility please contact the Advice Centre by calling 0121 204 3883 or emailing enquiries@innovationvouchers-wm.com .
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The value of the voucher is £3000 excluding VAT
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Yes, vouchers are subject to VAT. The VAT currently payable on the £3000 voucher is £525.
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The Innovation Voucher cannot cover the cost of VAT. Companies that are VAT registered will be able to reclaim it through normal procedures. Companies that are not VAT registered will be ...
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In this round (Round 7) 90 vouchers will be awarded, funded by Advantage West Midlands (AWM) and the European Regional Development Fund (ERDF).
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Yes. There is no limit to the number of applications you can submit to the scheme, however, an SME can only receive a maximum of two vouchers and can only have ...
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It is important that competitors operate on an equal basis. Faced with free trade between EU Member States and the opening of public services to competition, national authorities sometimes want to ...
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Yes, other Regional Development Agencies are starting voucher schemes as one aspect of the Business Simplification Process. The North West Development Agency (NWDA) and Yorkshire Forward launched their schemes in 2009. ...
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The level of aftercare will be discussed between the SME and academic undertaking the work, and detailed in the Agreement form.
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The Application Process (21 entries)
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SMEs operating in the West Midlands region as defined by the Regional Development Agency (Advantage West Midlands) are eligible for participation in the scheme providing they meet the eligibility criteria. If ...
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Apply now via the link below. The application form will be available to complete online until 4pm on 6 May 2010. The application system is now closed to applications. ...
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Please complete the application form through the website. The Advice Centre will be available to help you if you have any queries. If you are unable to submit the form via ...
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Achieving compliance with statutory regulations or legislation Intellectual property protection Standard training courses Software purchases Equipment purchases ...
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Eligible SMEs can buy support to develop a new collaboration with the knowledge base to: Bulid internal capacity Explore specific business issues relating to the expoliation of new ideas ...
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The SME definition refers to the European SME definition, introduced 1 January 2005. To be classed as an SME for the purposes of Innovation Vouchers, you must: Employ fewer ...
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The Innovation Voucher Advice Centre will be available to help you complete the application form. Please call 0121 204 3883 or email enquiries@innovationvouchers-wm.com .
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Advantage West Midlands, our joint funder, has information on State aid.Their current interpretation of State aid reads; ‘State aid has been interpreted to include any transfer of state resources that favours ...
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The Innovation Voucher Scheme operates under 'De Minimis' State aid rules. De Minimis aid is the amount of aid which does not count as State aid i.e. aid received ...
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Yes, all applicants will receive a confirmation email stating their application has been received containing the answers specified. The voucher team will be in touch if there are any queries with ...
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90 vouchers will be awarded in May 2010.
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The Advice Centre will contact you by email to let you know if you have won a voucher or not. This will be followed by a letter confirming this.
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All applications should be submitted on-line via the website (unless unable to do so) and therefore initially, we do not require a signature on the application form. If you are awarded ...
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The Advice Centre will contact you by email to let you know if you have won a voucher. They will then provide you with details of academic(s) interested in working with ...
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Please describe the problem you would like to address. How would solving this help your business? What is it that needs to be produced? Why does it need ...
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Please describe the task you would like an academic to undertake. What expertise are required? What are the objectives of the task? ...
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Your business could benefit in the following ways: Increased profitability Better informed business decisions Improved processes ...
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In each round of vouchers specific deadlines by which the innovation needs to be completed will be set. Details regarding these will be provided on the application form and within information ...
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In applying for a voucher the applicant agrees that any liability of Aston University and the University fulfilling the voucher (other than in respect of death or personal injury) either in ...
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Examples include: Analysis of Consumer Trends e.g. Description of current markets, and changes in those markets expected over the next few years, to aid the launch ...
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The level of aftercare will be discussed between the SME and academic undertaking the work. What is agreed will be detailed in the Agreement form, which both parties are bound to. ...
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