University launches investment scheme
Wolverhampton businesses are being offered support worth up to £5,000 through a new scheme delivered by the city’s university. The Business Solutions Voucher Scheme aims to support the economic regeneration of the region by encouraging innovation in local businesses.
A 'Business Solutions Voucher', issued by the university, is worth up to £5,000 and can be redeemed against the cost of practical advice, expertise and access to specialist equipment or services provided by the university in relation to specific innovation related projects.
The money could be redeemed against market research and analysis projects, software development, prototype development and testing, evaluation of business processes and use of the university’s research and specialist equipment facilities.
The scheme is now open to start-up companies or existing businesses in Wolverhampton.
Professor Ian Oakes, pro-vice chancellor of research and enterprise at the University of Wolverhampton, said: “We are committed to regenerating the local economy and the Business Solutions Voucher scheme offers an excellent opportunity for Wolverhampton businesses to tap into expertise at the university.
“We would welcome applications from companies where potential for growth is identified that will contribute to stimulating the local job market and increase productivity and profitability for the applicant.”
