Top firms set to offer help to innovative local businesses

The University of Cumbria in partnership with Armstrong Watson is set to run a breakfast meeting for local businesses who are developing new technologies and innovations in and around Cumbria.

The breakfast meeting will provide local businesses with information on grants, useful insight into tax relief for companies investing in research and development activity and essential information on Intellectual Property, Patents and Trademarks.  

The meeting will take place at the University of Cumbria’s Business Interaction Centre, Paternoster Row on Wednesday 15 July 8:00 to 9:30 with networking opportunities afterwards. 

Commenting on the event Sandra Booth, Pro Vice Chancellor for Enterprise, Business Development and Engagement from the University of Cumbria said: “We are delighted to offer local innovative businesses the opportunity to network and to be able to showcase a range of ways to support economic growth through access to funding and expertise to drive innovation and new product development through creative solutions. Investing in innovation gives businesses the competitive edge and will help drive Cumbria’s knowledge economy forward.”

Speaking at the meeting will be Adrian Davis-Johnston from Innovus, who will be on hand to provide information on grant funding of up to 70% available to businesses in Cumbria to support the development of new technologies and innovations.

Nigel Holmes, Tax Partner at Armstrong Watson who will be providing information on tax incentives and Dr Andrew Wells, a Senior Partner from HGF, a leading firm of patent and trade mark attorneys specialising in providing commercially-focussed IP advice, will provide an essential insight into maximising the commercial value of intellectual property, trademarks and patents.

Speaking about the event Adrian Davis-Johnston said: “Innovus aims to bridge the gap between research and marketable technology by offering access to specialist development facilities, funding and technical and business expertise. This will create a strong innovative community, involving business, academia, investors and entrepreneurs.”

Nigel Holmes, Tax Partner at Armstrong Watson said: “Science and technology based companies may be able to claim 230% of their research and development costs -  potentially providing cash back from HMRC and a new income stream to fund future investments.

Research and development is much broader than 'men in white coats' – it can be found in manufacturing, engineering and IT, for example. This session will not only enlighten businesses around eligible activity, it will also explain the interaction with grant funding and address many of the misconceptions around benefiting from the relief.”

The Carlisle Business Interaction Centre, supported by Carlisle City Council, provides an essential hub for businesses to engage with the university’s entrepreneurial students, graduates and academics who have expert knowledge in a range of disciplines.

The breakfast session will not only set up local businesses for the day with coffee and bacon roll, it will be packed full of useful information.

To book a place contact the University of Cumbria on Tel: 01524 385453  or  Email:enterprise.services@cumbria.ac.uk

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