What is Co-Innovate Journeys
Co-Innovate is an innovation support programme for London based SMEs, entrepreneurs and start-ups. Our goal is to help companies achieve business growth through collaboration with Brunel University London’s world class academic expertise, knowledge assets and facilities. We are jointly funded by Brunel University London and the European Regional Development Fund.
The programme is further divided into two projects, Co-Innovate Journeys and Co-Innovate Bridging the Gap, which are distinguished according to the needs of the business.
Co-Innovate Journeys provides support to SMEs, connects connecting London-based SMEs with academic expertise and research practices at Brunel University London. The project provides the tools and support necessary to help your business innovate, differentiate and compete successfully in the market through collaborative projects with academics and students. The EU funding makes possible to offer free tailored workshops for our beneficiaries, access to specialised research facilities and support in accessing innovation funding.
Since 2012 Co-Innovate has been supporting London based SMEs by linking them to the incredible range of human, research and physical resources available within Brunel University London. The University and our team believe in the value of this partnership and its vast potential to go well beyond the direct economic benefits to the companies involved. It is through these different types of pioneering collaborations that our co-innovation and surrounding ecosystem is an exemplar of how universities and businesses should be working together to maximise benefits to the economy and to society as a whole. Established at the end of 2012 we are funded equally by the University and the European Regional Development Fund, to support innovation within London-based Small and Medium-sized Enterprises (SMEs). Over the programme, we have worked closely with over 260 companies, providing innovation support to 150 and more in-depth collaboration with 45.
Co-Innovate Journeys will take us to 2020, engaging 240 more companies and setting up 120 collaborations.
Our aim is to improve access and accelerate the transfer of knowledge and research expertise from Brunel University London to SMEs in London; introducing a dynamic range of activities to support new product and service development leading to business growth for the participating companies and economic and employment benefits for the region.
The project primarily targets London based SMEs who are currently not investing in innovation activities by building awareness and capacity to connect SMEs to the applied research expertise at the University.
“The new SME definition” published by the European Commission defines SMEs as follows:
‘The category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43 million euro.’
Contact us if you are unsure whether you fit into the SME definition.
The Co-Innovate Ecosystem is based on an open innovatin funnel. The 8 components of the ecosystem provide a highly flexible SME support and provides a range of possible SME journeys removing barriers to R&I between the Univeristy and the London SME community.
Please follow this link to our interactive Co-Innovate Ecosystem model.