Eureka Moment For Business Innovation

The University of Wolverhampton are inviting small businesses to have their Eureka! Moment and discover how they can develop their businesses through innovation.

The University of Wolverhampton, in partnership with Shropshire Council, is organising two exciting events designed to help bosses think differently about their business, be more competitive in the market and win new customers.

The Eureka! Moment Project, part-funded by the European Regional Development Fund, aims to help small to medium sized businesses based in Herefordshire, Shropshire, Staffordshire and Worcestershire to innovate.

Grants from £2,000 to £10,000 are available to individual companies who are interested in investing towards future business development. 

The first event will take place at Ludlow Library on September 12 from 9.30am to 12.30pm. It will include a briefing on the Eureka project and highlight how companies can take advantage of innovative tools such as social media to win new business.

The second event will take place on November 7 at Shire Hall, Abbey Foregate based in Shropshire. This event will also involve a briefing, with experts on hand to explain how companies can take advantage of Eureka. Paul Forrest, Director of the West Midlands Economic Forum, will discuss the current economic factors affecting growth in the region.

One company that has benefited from the project is the Ludlow Nut Company, who has been able to increase sales after tapping into new markets within Europe, thanks to the funding support provided by Eureka.

Helen Hunter-Hayes, Eureka! Moment Project Manager said: “This is a new revenue grant scheme with £200,000 available to support SME growth.

“The grants can be used towards development costs to improve products and processes, marketing costs helping companies to enter new markets both in the UK and overseas, and much more.

“We are urging interested companies to attend these events to find out how they can innovate and achieve growth through the Eureka project, before funding subsidies run out.”

Visit the Eureka! Moment Project and free events for more information. 

ENDS

For more information please contact Danielle Taylor in the Media Relations Office on01902 322448

Date Issued: 8 September 2014