INets launch to stimulate SW innovation

February 10, 2011 by
Filed under: Events, News 

Five iNets have been officially launched in the SouthWest to encourage innovation. The five cover Microelectronics, Biomedical, Environmental Technologies, Aerospace and Advanced Engineering and Creative Industries, and one of the aims is to have more cross-disciplinary working (see Innovation Lab story).

“It’s very easy for small companies to be left behind in innovation,” said Baroness Hanham, undersecretary of state for Communities and Local Government which oversees the European funding in the projects. “We are very good in this country at innovation and then hiding it under a stone and there is so much innovation going on here.”

The iNets are backed by £12.5m from the outgoing South West Regional Development Agency, £6.1m from the European Regional Development Fund (ERDF) and other partner investments.

“We are committed to creating real opportunities for people in the South West, and it is easy to see from the entrepreneurs and businesses what a difference a support network like this can make to the local economy,” said Baroness Hanham. “The iNets project is helping local businesses realise their potential through sharing expertise and knowledge and opening up life-changing opportunities for many people.”

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