Innovation for SMEs
What is it?
Arrow is a £3.4m ERDF supported innovation programme which aligns the needs of North East Local Enterprise Partnership (LEP; Northumberland, Tyne & Wear and Durham) based SMEs with Newcastle University's people, skills and funding.
In line with the North East LEP's 'Smart Specialisation' areas, Arrow's target sectors are:
- Life sciences and healthcare
- Advanced manufacturing
- Creative and digital technologies
- Offshore, subsea and energy technologies
Arrow aims to translate University research and innovation projects into operational business innovation programmes and services. Arrow will simplify the process for SMEs to engage with the University, and in doing so will increase regional SME engagement with research and innovation activities with the University.
Arrow's support is two-tiered, the Innovation Catalyst will match SMEs who have the potential to conduct research and innovation into new products, processes and services with current (and future) University capabilities and expertise in key technologies and sectors. Academics delivering the support to the SME will be able to employ at least one Innovation Associate who will enable an effective collaboration.
Underpinning this is the Innovation Accelerator which will provide financial stimulus of up to £20k to support research and innovation projects between SMEs, and external partners.
The Innovation Accelerator scheme will stimulate Research, Innovation and Enterprise projects that are either generated from the Innovation Catalyst or via other University and SME interactions.
In short, both the Innovation Catalyst and Accelerator provide business/innovation support, with the Catalyst providing the people and the Accelerator providing the grant funding.
Register Your Interest
To register your interest please download and complete an Arrow Innovation Catalyst SME Application Form [Word: 53 KB]
- Background and Guidance Notes for Arrow Innovation Catalyst Application Form [PDF: 269 KB]
For more information please contact:
Where the funding comes from
The Arrow project is part-funded by the European Regional Development Fund (ERDF).