New product development consultancy, Pera Technology, has launched its search for Yorkshire’s best kept secret inventions.
The move follows on from the local launch of a €3 billion fund for SMEs which came into place on January 1, as part of the European Union’s Horizon 2020 package of business support services.
Those who are successful could be the next in a long line of Yorkshire inventors including Percy Shaw, who invented Cats’ Eyes road studs; and hydraulic engineering pioneer, Joseph Bramah.
Pera Technology has been helping Yorkshire businesses secure funding, develop new products and improve processes for four years as part of the European Commission’s Framework Programme 7, which came to an end in December 2013.
Its replacement, Horizon 2020, is more than double its €1.2 billion predecessor and Pera Technology is keen for the region’s businesses to get their fair share.
To better help support small and medium sized companies access the fund Pera Technology, has created a new suite of support services called leap®.
leap® will cover all areas of new product development including ideas generation, identifying market demand, securing finance, prototype and product development and commercialisation.
Lucy Davies, Yorkshire regional manager for leap®, said:
“Horizon 2020 presents an enormous opportunity for Yorkshire manufacturers.
“Whether business owners have ideas sitting on the shelf gathering dust, or are already undergoing feasibility testing – with new product development programmes lasting anywhere from two years up to 15 years in sectors such as aerospace and medical – the chance to secure up to 100 per cent funding for research and development cannot be missed.
“While it would be fantastic if we found the next James Dyson or Trevor Baylis, even the smallest invention can have a huge impact on the world, generating profits for the inventor or company behind it and job creation and economic growth for the region.
“Percy Shaw the inventor of cat’s eyes is just one example, but there are many more lesser known inventors who have gone on to have huge success.”
To find out more about leap® and funding available to SMEs looking to undergo new product development programmes visit www.peratechnology.com/.