Innovation Grants can be a great aid for organisations to secure funding to help introduce a new business element or streamline internal processes through Standard Innovation Vouchers.
Standard Innovation Vouchers
This opportunity is open to all small and medium-sized enterprises (SMEs), social enterprises and third sector organisations in Scotland. There are two types of Standard Innovation Vouchers:
A Product, Process or Service Innovation Voucher is designed to support outward innovation to develop a new product, process or service.
A Workforce Innovation Voucher is to support inward innovation to develop a company’s internal workforce such as new or enhanced workplace processes, innovative workplace practices and innovative business expertise.
The value of a Standard Innovation Voucher is up to £5,000, which covers the academic project costs. The company contributes an equal value in cash or in-kind, such as staff time, materials or equipment, or a combination of both.
Edinburgh College is keen to develop partnerships with businesses across all sectors to support innovation that will benefit the company and the Scottish economy. Previously we have successfully completed combined projects between Engineering and Creative Industries to support growth of Scottish businesses.
Flexible Workforce Development Fund
The Flexible Workforce Development Fund (FWDF) is a fund designed in direct response to feedback from the Scottish Government’s consultation on the introduction of the UK Government Apprenticeship Levy and small and medium-sized enterprises (SMEs). Funded by the Scottish Funding Council (SFC) it offers organisations funding towards the upsklling and reskilling of their staff through professional trainning at their local college.
Business, Leadership and Management Training
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