Entrepreneurship

Accelerated new product or process development 

Do you want to take your business to the next level of growth? Do you need to improve the speed and success of your new product or process development processes?

We have an exciting programme to help ambitious entrepreneurs accelerate their growth and scale their business. The programme starts with an in-depth and intensive two-day workshop which takes you through a structured approach to new product or process development. There is a networking dinner for participants.

The workshop will be delivered by Dr Steve Carden from PA Consulting in Cambridge, a renowned expert in this field.  After the workshop, you will have a bespoke three-month action plan for your company. You will receive regular calls  – by phone or Skype – from a specialist at PA Consulting to discuss your progress, keep you on track and help you deliver your plan successfully. At the end of three months, you all meet for a final workshop at the end of the three months to reflect upon progress and lessons learned.   Further support is available from HIE on completion of the programme.

How do I apply?

Please register and pay for a place on Eventbrite here.

What does it cost?

There is a charge of £150, excluding VAT, per company to participate on the three-month programme. Please note that companies can send up to two delegates to take part in the workshops. This charge includes the cost of the networking dinner on the first evening.

Participation is funded partly with public assistance from HIE. This assistance will be assessed as State aid and will be awarded as De minimis aid. The EU competition laws place restrictions on the amount of De minimis aid organisations can receive over a three-year period. Therefore, once you have registered your company for a place on the programme, we will email you a simple declaration form so that we can check your eligibility. Please note that you must complete this form and send it to entrepreneurship@hient.co.uk prior to attending the programme. On completion of the three-month programme, you will receive a State aid letter outlining the value of the support you have received.   The State aid value of the programme is £2,345 for each company.

What other entrepreneurs say about the programme

Twenty six companies from across the Highlands and Islands have taken part on the programme so far.  See the feedback from some of these entrepreneurs here.

Who’s it for?

The Accelerated New Product or Process Development Programme is aimed at:

  • Young entrepreneurial companies with significant growth potential and an existing product or service.
  • Entrepreneurs - and their senior staff - who need a tried and tested structure to accelerate business growth

  • Entrepreneurs who need to be prepared to meet the challenges of scaling their business in the UK and overseas.

The programme provides a tried and tested structure – based upon best practice – to develop and commercialise new products and services and introduce new processes.   Participation is suitable for companies across industry sectors including food and drink, energy, life sciences, technology and advanced engineering, software, business services and textiles.  

Is the programme relevant to businesses that provide a service?

Yes. The end to end process for successful product or process development is the same for businesses that provide a service.

Does my business have to be account managed by HIE to apply to take part?

No. You do not have to be account managed by HIE.  However, your business or social enterprise must have growth potential and you must have some knowledge and practical experience of developing new products/services or processes.

What are the benefits?

There are many business benefits to be gained through putting in place a structured approach to new product or process development. The programme will help you:

  • Reduce the risks – and associated costs - inherent in developing and commercialising a new product or service.
  • Make faster and more informed decisions.
  • Prioritise – you must focus your efforts on the opportunities with a real chance of success.
  • Improve your productivity.
  • Engage with your staff, suppliers and customers to identify products/services that are most likely to have traction in the market.
  • Commercialise your product or service successfully.
  • Learn from best practice and the experiences of other businesses.
  • Identify new markets or more relevant products and services for your existing market.

 

Accelerated New Product or Process Development Workshop Dates - Inverness

Workshop 1

Date:        Tuesday 17 and Wednesday 18 September 2019
Venue:      Culcabock & Damfield Suite, Kingsmills Hotel, Inverness, IV2 3LP

Please note there is a networking dinner for participants on the evening of 17 September 2019

Workshop 2

Date:        Tuesday 10 December 2019
Venue:      Culcabock & Damfield Suite, Kingsmills Hotel, Inverness, IV2 3LP 

The programme finishes at the end of the second workshop but further support is available through HIE.

 

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