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.

Abigail Hird

Our Expert

Abigail Hird

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Current Product Innovation funding opportunities

Women in Innovation Awards 2022/23

Opens: 22/08/2022 Closes: 19/10/2022

Women with exciting, innovative ideas who will inspire others can apply for an award which includes a £50,000 grant and bespoke business support.

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Knowledge transfer partnerships (KTP): 2022 to 2023 Round 4

Opens: 20/09/2022 Closes: 16/11/2022

UK registered academic institutions, RTOs or Catapults can apply for a share of up to £9 million to fund innovation projects with businesses or not for profits.

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Innovation Loans Future Economy Competition – Round 6

Opens: 20/09/2022 Closes: 09/11/2022

UK registered businesses can apply for loans for innovative projects with strong commercial potential to significantly improve the UK economy.

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Accelerating Hardware Innovation with HAX mentor Alan Clayton
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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