There is a great deal of evidence demonstrating that businesses that use a strong early-stage design process generate increased revenue, market share and exports, as well as having a faster and more cost-effective innovation process.
Early-stage design will give companies (and investors) greater confidence in your ideas, help to streamline development and reduce the likelihood and cost of rectifying problems later on. Brand equity and business resilience can also be improved through design.
Design Foundations is a great opportunity to develop your organisation’s innovation capability and lay the foundations for compelling, high-value propositions that will help attract investors and customers.
What is it?
Design Foundations is a new £3m grant-funding programme from Innovate UK aimed at helping companies to identify high-value innovation opportunities and generate better propositions for new products, services and business models.
The funding supports companies explore future possibilities in collaboration with a design team; bringing new tools and approaches to the plate. It offers up to 70% funding of projects up to £100,000 for any UK company, irrespective of scale or maturity, operating in any sector. There are three rounds of funding across 2017, opening for applications on January 9.
For more information including how this can help businesses , the application process and what makes a good application can be found using the links below.