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Product Innovation

Turning an idea into a scalable, commercial product is a challenge that faces many entrepreneurs, innovators and SMEs. Developing a new product, new functionality or new customer experience can be difficult and success may not always happen. 97% of hardware startups fail (compared with 70% of tech start-ups).

Product Innovation

The UK has world class University research and an outstanding track record when it comes to funding early stage research and innovation. We recognise that by turning more great ideas into products could have significant advantages for our economy and society.

In addition to the usual challenges associated with innovation, start-ups with products that require manufacturing face some additional hurdles such as…
-A diverse range of skills and experience
-A dependence on relationships across the supply chain, with designers, contractors and third parties
-The up-front scale of investment required is significant. Risks must be well managed and the business case compelling.

Having awareness of the key challenges and a strong network  are fundamental to success. We can help you find the right people to complement your skills and experience, forge the right connections and act as a critical friend to challenge your thinking through the design to manufacture journey.

To start your journey, read our Navigating The Design to Manufacture Guide.

Our Product Innovation Expert

Abigail Hird

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Funding Opportunities

Knowledge transfer partnerships (KTP): 2021 to 2022, round 4

UK registered academic institutions, RTOs or Catapults can apply for a share of up to £8million to fund innovation projects with businesses or not-for-profits.

Opens: 04/10/2021 Closes: 01/12/2021

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Made Smarter Innovation: Sustainable Smart Factory

UK registered businesses and organisations can apply for a share of up to £20m for digital innovation projects that will improve the resource efficiency and energy efficiency of manufacturing processes in factories.

Opens: 01/11/2021 Closes: 26/01/2022

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Recorded: 5th June

Accelerating Hardware Innovation with HAX mentor Alan Clayton

Join us as wel talk to HAX mentor Alan Clayton about the challenges facing hardware innovators around funding, manufacturing and design.

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News

04.05.2021

Manufacturing and Materials Funding Round-Up

Find out about the latest funding calls which are relevant to the Manufacturing and Materials sectors. Last updated September 2021.

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05.11.2021

Made Smarter Innovation launches new £20 million competition

In a new Made Smarter Innovation competition focused on Sustainable Smart Factories, UK registered businesses and organisations can apply for a share of up to £20m for digital innovation projects that will improve resource efficiency and energy efficiency.

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