Business growth from Research-based Innovation
Some of the most commercially-successful innovative products and services we know today have come about as a result of taking research done at universities or in companies to the marketplace.
All companies seek to gain sustainable competitive advantage over their competitors through innovation-driven product or service development. Working with a university to use its research to drive that innovation is often cheaper and faster than trying to create the relevant competencies internally.
Dr Lorna Howarth, Knowledge Transfer Advisor for Fife & Tayside at Knowledge Transfer Network (KTN), explained about KTN and how it can help you connect with researchers and have your business benefit from knowledge transfer.
Paul Kyle of CIK Solutions explained how innovation within business can be funded – specifically the value of HMRC’s R&D Tax Credit scheme as a source of funding.
For more information about this subject, you can visit:
- The KTN website at https://ktn-uk.co.uk/programmes/knowledge-transfer-partnerships
- The CIK Solutions website at www.ciksolutions.co.uk
This was a joint event with Fife Council Economic Development and Business Gateway Fife. It provides a wide range of support and advice to individuals looking to set up in business, and newly-formed and existing businesses looking to grow and develop. Go to its website for details.
For more photos, go to the Album on our Facebook page.