University of Birmingham offers huge energy support for SMEs
An SME engagement programme run by the University of Birmingham’s Energy Institute is celebrating successfully providing over 100 companies with free support, generating a net income of almost £25 million for the regional economy.
Funded by the European Regional Development Fund, ATETA (Accelerating Thermal Energy Adoption) provides eligible businesses with access to the University of Birmingham’s state-of-the-art research facilities and expertise, giving them the opportunity to test new technologies and applications. The support provides businesses with the opportunity to collaborate with an experienced team of Knowledge Exchange Fellows to improve their research and development and identify new market opportunities.
A recent assessment of the ATETA project by EPM Consultancy revealed 74% of the businesses supported had made progress in bringing a new product or service to the market. The assessment also reported that, for every £1 of the £2million the European Regional Development Fund invested in the project, the net economic impact for ATETA equated to £24,796,000.
Any SMEs wishing to find out more about receiving support from ATETA for their own businesses are invited to their “Energy Opportunities for West Midlands Industry” event on Tuesday 25 February.