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New product development programme

An exciting programme to help ambitious entrepreneurs accelerate the growth and scale of their business. 

What is it?

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?

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.

Participants will also benefit significantly from learning from, and networking with, the other businesses in the cohort.

How you'll benefit 

  • After the workshop, you will have a bespoke three-month action plan for your business.
  • You will be assisted to implement the action plan by specialists from PA Consulting and the team from HIE.
  • You will have a monthly phone call with an expert from PA Consulting to discuss any challenges you need to address or opportunities you need to exploit to implement your plan.
  • There will also be two webinars on topics selected by the participants on the programme to keep you on the right track

WHO IS THIS SUITABLE FOR?

  • 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.

How do I apply?

Get in touch with a member of our team today!

Contact our entrepreneurship team

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.

Who’s it for?

The New Product 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.  

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