Innovation support for SMEs
Training and advice to help exploit new opportunities for growth
How can SMEs better position themselves to realise opportunities from new technologies, markets and business models?
Urban Foresight was commissioned by Sunderland Software City to deliver a programme of ERDF funded support to Small and Medium Sized Enterprises (SMEs) in North East England.
Support was targeted at SMEs that had identified potential opportunities to deliver business growth, but were unsure how to take this forward.
The programme deployed Urban Foresight’s strategy and innovation toolkit to help SMEs to realise opportunities from emerging technologies, innovative business models and new markets.
A combination of workshops, one-to-one engagements and bespoke analysis provided SMEs with practical insights on business planning and intelligence on existing markets served.
It also equipped business leaders with tools to analyse mega trends and better understand the potential of digital technologies to transform businesses, industries, supply chains, and customer experiences.
In administering the ERDF funding, Urban Foresight was required to develop and maintain necessary documentation to comply with the funding regulations. This included documentation to demonstrate eligibility for ERDF support, compliance with state aid legislation and prove that the support has been delivered.
Bottom-up understanding of the needs and motivations of citizens, as well as engaging with communities to inspire positive actions and behaviours
How new technologies and business models are transforming the way people and goods are transported to create better connected, healthier and more sustainable cities
Maximising the opportunities for employment and wealth creation and helping to establish the necessary governance, policy and capital funding to make this possible
What We Delivered
Defining commercial opportunities and the underlying economic impacts of a project
Professional engagement with relevant stakeholders and experts to uncover key insights and identify shared priorities
Defining key stakeholders, determining their priorities and defining their relationship to a client or project
We reimagine services in order to create new economic value and meet customer needs in new ways.