The Innovation Voucher Project
The Innovation Voucher Scheme formerly known as INDEX (Innovation Delivers Expansion) Scheme awards West Midland SMEs a £3000 voucher to purchase academic support for an innovation at any of the region's 13 universities.
Examples of previous winner innovations include:
- innovation / technology audit
- new service delivery and customer interface
- new business model development
- tailored training in innovation management
- efficiency audits, process change supply chain management and logistics
- product and service testing and economic impact assessment
- product development
- business and leadership school
- Feasibility study
We welcome SME applications for all types of business innovation. Please see our best practice case study page for examples of previous winners.
SME innovations will complement one of the priority business themes of our funder, Advantage West Midlands (AWM).
Priority Business Areas
- Health and Medical Technologies
- Environmental/Energy
- New Materials
- Digital Media
- Transport
- Construction
The scheme was acknowledged in the Government White Paper (March 2008) and the potential for national roll-out will be evaluated by the regional pilot project success.
If you would like to apply for an Innovation Voucher please read the INNOVATION VOUCHER PROJECT CONDITIONS page and when available, submit an application using the online form. The next round of vouchers will be available in April 2010.
If you have any problems completing the application form please contact the Innovation Voucher Advice Centre on 0121 204 3883 or e-mail enquiries@innovationvouchers-wm.com