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Virtual Panel Event about Industrial Connectivity

Virtual event

17/05/2021(16:00-17:00)

This 60-minute virtual panel discussion between industry experts will explore the intersection of connectivity (more)

UKIVA Machine Vision Conference

Virtual

15/07/2021

Join us on 15 July 2021 on the MVC Technology Presentation Hub and explore eight online seminar theatres. (more)

PPMA Show 2021

NEC, Birmingham(B40 1NT)

28/09/2021 - 30/09/2021

PPMA Show 2021 will be the UK’s largest ever event dedicated to state-of-the-art processing and (more)

Southern Manufacturing

Farnborough, Hants(GU14 6TQ)

06/10/2021 - 07/10/2021

Southern Manufacturing and Electronics is the most comprehensive annual industrial exhibition in the (more)

Advanced Engineering 2021

NEC Birmingham(B40 1NT)

03/11/2021 - 04/11/2021

Join us in our 12th and most important edition to date, as we invite engineers and management from all (more)

£2m up for grabs for the UK's most innovative engineering and manufacturing SMEs

A new competition is set to give small and mediums-sized engineering and manufacturing businesses the chance to win up to £2m worth of R&D funding to develop innovative new products. The competition is the first in a series run by Leap from Pera Technology, which aim to help small and medium-sized businesses, who have struggled to secure finance for innovative projects during the recession. 

The 10 chosen businesses will receive a fully funded application to the European Union's Horizon 2020 science and innovation fund, which launched this year and provides grants of between £400,000 and £2m, to turn new product ideas into commercial prototypes. Once a prototype is developed, Horizon 2020 will give SMEs access to potential investors from across Europe and further afield.

Pera Technology has one of the highest success rates in accessing funding from the EU, having secured £70m for UK businesses during Framework Programme 7, the predecessor to Horizon 2020. 

Marc Greatrex, Head of Business Development at Pera Technology, said: "Credit rationing during and after the recession has led to many promising ideas failing to make the move from paper to prototype, largely due to lack of available capital investment. With the economic recovery now underway, we're looking to encourage engineers and manufacturers who may have ideas sitting on the shelf gathering dust to step forward and turn them into a commercial reality."

Manufacturers can enter the competition for free at www.peratechnology.com/h2020comp. Entrants will then be provided with a Non-Disclosure Agreement, following which they can input details of their ideas to Pera Technology's online diagnostic tool.

All of the submissions will be assessed on a range of criteria including feasibility, commercial potential and originality. For those businesses that aren't successful Pera Technology will provide detailed feedback on how best to take their new innovation to the next stage. 

Marc continued: "Under FP7, we've helped some really exciting projects make that crucial step from concept to reality, from one of the world's first affordable digital braille e-readers and a device which cools beverages in just 45 seconds, to the development of unique production processes for heavy industry. Hopefully Horizon 2020 will bring about a new wave of innovation amongst the UK's engineering sector and I would urge any SME with an idea they truly believe in to either enter the competition or contact us to find out more."

To better help support small and medium sized companies trying to access Horizon 2020 funding, Pera Technology, has created a new suite of support services called Leap. It covers all areas of new product development including ideas generation, identifying market demand, securing finance, prototype and product development and commercialisation. 

To enter the competition, or to find out more about Leap and the funding opportunities available to SMEs looking to undergo new product development programmes, visit www.peratechnology.com/leap.
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