About the Global Business Innovation Programme: The Global Business Innovation Programme brings together cohorts of up to 15 innovative UK businesses up to 500 employees looking to grow and scale globally. Each focuses on a specific country and technology or sector area and enables the businesses to build collaborations and partnerships and explore innovation opportunities.
The Global Business Innovation Programmes are not about trade and export, but about helping innovative UK businesses tap into complementary knowledge, skills, and facilities, in the chosen country and building understanding, insight, collaborations, partnerships and networks to enable businesses to grow and scale globally.
Each Global Business Innovation Programme lasts up to 12 months and is structured around three phases:-
• Getting ready for the market: Pre-visit briefing workshop to build knowledge and understanding of the market and potential opportunities, including how to do business, cultural aspects, how to protect your IP and training on how to improve your pitch and articulate your value proposition.
• Visiting the market: Explore the innovation opportunities first-hand through meeting with key companies and research organisations and potential collaborators and partners through pre-arranged meetings and organised matchmaking.
• Exploiting the opportunity: An exploitation workshop and one-to-one support from an Innovate UK EDGE Innovation & Growth Specialist to follow up and take advantage of the opportunities identified.
By applying for a place on this initiative, businesses commit to participating in all three delivery phases to maximise the opportunities for the business and public investment. An individual senior person from the business will be expected to participate in all activities and should be the named applicant.
Successful businesses will have a designated Innovate UK EDGE Innovation & Growth Specialist to support them for the duration of the Global Business Innovation Programme, including developing an action plan to capitalise on the opportunities identified. You will be expected to work with the Innovate UK EDGE specialist throughout the length of the initiative.
Innovate UK will fund and organise flights, accommodation, and in-market travel and conference fees for successful applicants on the innovation visit to the country. On acceptance to the Global Business Innovation Programme, a commitment fee of £500 (ex VAT) will be obtained from each successful company which will be returned after their involvement in all activities. Non-attendance of any part of the initiative after formal acceptance may result in forfeiting some or all of the fee. You will be sent a link to pay your deposit in order to confirm your place once you have been formally accepted.