SUCCESSFUL CO-INNOVATE WORKSHOP HELD AT LEDCOM
A very well attended co-innovate workshop, run by the Co-innovate Programme for local businesses, was recently hosted by LEDCOM in Willowbank Business Park . Co-Innovate aims to increase the numbers of small and medium enterprises (SMEs) involved in research and innovation across the border region of Ireland (Cavan, Donegal, Leitrim, Louth, Monaghan, Sligo), Northern Ireland and parts of western Scotland, from 22 per cent to 33 per cent over the next five years.
The five year €16.6 million project was the first funding offer to be announced under the EU’s INTERREG VA Programme, managed by the Special EU Programmes Body. It is one of 60 funding programmes across the European Union that have been designed to help overcome issues that arise from the existence of borders.
It brings together the three regions’ key development agencies to deliver a programme aligned with each government’s strategic priorities, led by cross-border body InterTradeIreland in partnership Enterprise Northern Ireland, East Border Region, Local Enterprise Offices in the border region, Scottish Enterprise and Highlands and Islands Enterprise.
The special speaker at the Larne workshop, who provided a local case study highlighting how Innovation has impacted positively in business, was Chris McDowell of Kilwaughter Minerals Ltd. Established since 1939, its market leading K Rend product makes it the UK’s largest independent silicone render manufacturer. Driven by market requirements and the emerging opportunities presented through the development of new technology, Kilwaughter Minerals Ltd. is committed to providing new innovative products and currently holds ISO 9001, ISO 14001 AND OHSAS 18001 accreditations. Innovation across all aspects of the business has been the corner stone of the company’s success throughout its 78 year history and continues to be a key driver for ongoing business success.
Ken Nelson CEO of LEDCOM said: “This is a very positive development for SMEs locally. Supporting SMEs is a key strategic priority for LEDCOM and it’s crucial we continue to encourage and nurture innovation.
“Initiatives like Co-Innovate are central to this goal, providing one-to-one help and mentoring for smaller companies to help embed a culture of innovation in their businesses.We are particularly grateful that Chris McDowell of Kilwaughter Minerals Ltd. , a local Company with a long track record of growth through innovation, participated in our seminar and shared valuable lessons with local businesses. “
Match-funding for Co-Innovate has been provided by the Department of Business, Enterprise and Innovation in Ireland, the Department for the Economy in Northern Ireland, Scottish Enterprise and Highlands and Islands Enterprise.
Welcoming the funding at the Co-Innovate launch, Dr Andrew McCormick, Permanent Secretary for the Department for the Economy, said: “I’m a firm believer in the power of innovation to act as a catalyst for economic growth and prosperity. With Co-Innovate, we have a unique opportunity to drive innovation capacity among our small and medium enterprises.
“SMEs are fundamental to the economy in Northern Ireland, representing 75 per cent of our private sector turnover and employment; significantly more than for the UK as a whole. Co-Innovate will provide practical assistance to our SMEs enabling them to work towards turning innovative thinking into noticeable results which will generate a tangible legacy for years to come.”
Co-Innovate gives companies the tools and tailored support to help businesses innovate, differentiate and compete successfully. The programme offers graduated levels of support including free workshops, individual business health checks, detailed innovation audits, sectoral networks, project management placements and one-to-one expert mentoring.
Neil Ryan, Co-Innovate Programme Director, said: “Every company’s innovation needs are different so each company’s journey through Co-Innovate will be unique. Over 1,400 businesses will receive support at Co-Innovate workshops over the next number of years. These workshops are aimed at demystifying innovation and helping firms understand how it can drive their company’s growth and profitability.
“Companies who complete our workshops and subsequent assessments will be selected to take part in advanced programme supports. These advanced supports are designed to help develop detailed innovation delivery plans: bringing ideas to fruition.”
For more information on The Co-Innovate Programme, please visit co-innovateprogramme.eu
