A new start-up programme that aims to help turn ideas into investable ventures has been established in South Yorkshire.
The University of Sheffield Advanced Manufacturing Research Centre (AMRC) has co-founded the FerretWorks: Startup programme with the South Yorkshire Mayoral Combined Authority (SYMCA) and the University of Sheffield.
The programme is designed to support early-stage entrepreneurs with tools, resources and expert guidance needed to develop their product and build scalable, sustainable businesses – helping de-risk innovation at its most vulnerable stage.
It is designed to assist companies based in - or are planning to base their business in - South Yorkshire, who have a strong potential in one or more of the AMRC's supported sectors, including aerospace, energy, defence, automotive, construction, medical and healthcare, space, food and drink, and agri-tech.
Richard Gardiner, senior innovation fellow at the AMRC, said: "We're not just supporting innovation, we're helping create the right environment for it. One that gives business founders the confidence, technical backing and commercial structure to succeed.
"Our aim is to provide early-stage business founders with access to world-class engineering capabilities, commercial guidance and investment networks."
Participants in the programme will work closely with AMRC engineers to refine their ideas, develop prototypes and accelerate their route to market, and will gain access to more than £200m of advanced manufacturing capability.
It has backing from three key commercialisation partners: the Royal Academy of Engineering Enterprise Hub; Sheffield Technology Parks' Cooper Project; and the University of Sheffield's own Commercialisation Journey.
This article was authored by Stephen Farrell for insidermedia.com and published under the title 'Programme launched to support business start-ups in South Yorkshire', on Programme launched to support business start-ups in South Yorkshire | Insider Media. It is reproduced above in accordance with section 30(2) of the Copyright, Design and Patents Act 1988
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