Impacting Business by Design is a £4.648million project to help businesses and entrepreneurs bring their ideas to life and help boost the UK economy through the Government’s new Connecting Capability Fund (CCF).
De Montfort University has joined forces with Brunel University London, Nottingham Trent University and industry bodies to create a specialist company called Impacting Business by Design to work with SMEs within England to commercialise ideas and innovations.
Impacting Business by Design will provide design, technical, and development support, incentivise investment and nurture design innovation skills, culture and systems in SMEs and entrepreneurs. It aims to increase the number of new products being brought to market in the UK, increasing investment and protecting the country’s industrial competitiveness.
The grant is available for SMEs and entrepreneurs with registered businesses in England.
We are looking for physical products, however digital aspects (e.g. app integration which works with a product) are considered.
Applicants are required to co-invest via in-kind contribution, ranging between 45% to 65% of the overall project costs.
Applicants must be interested both in improving their capability and have a willingness to transform their business.
Business partners need to help produce the technical solution – it’s a joint partnership for design problem resolution.
The grant is a repayable advance with minimal interest (EU interest rate). Repayment is only required once the product produces four times the value of our contribution in revenue (inc VAT).
A key component of the research funding system, covering university research and knowledge exchange.
University with 22,000+ students and specialist Product Design Expertise, Computing, Engineering & Media facilities.
Public research university, currently ranked as the 13th largest university in the United Kingdom.
West London-based university, organised into three colleges and three major research institutes.
We are already looking at potential candidates for our grant scheme. If you believe you are eligible and have great ideas, please leave your details with a basic outline of your project and we’ll be in touch.
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