The University has been supporting local growth and regeneration through innovation support ecosystems for regional SMEs via funded programmes with Aura, SparkFund and the Flood Innovation Centre.
Led by the University of Hull, Aura finds solutions for the challenges facing the region and the world, ranging from technical and operational to economic and societal.
So far, Aura has supported more than 1,000 businesses to access low carbon innovation support, helping the region’s ambitious drive to net zero. A further five thousand businesses, individuals and researchers have participated in workshops briefings and events at the Innovation Centre, in Hessle.
SparkFund, a £20 million innovation and grants programme, has supported SMEs in the Humber, York and North Yorkshire to move their business forward through innovation and Research &Development focusing on low carbon. And a total of £3.5 million has been distributed via the Flood Innovation Centre, which has supported 83 SMEs to develop new flood resilience products and services.
In addition, for a decade, the University has been delivering Knowledge Transfer Partnerships (KTPs), which unite graduates with business partners across the region, giving them a competitive advantage, increased turnover and entry into new markets. Over two thirds of our graduate associates have been offered permanent positions with the company at the end of their KTP.
Emma Calverley, Director of the University’s Knowledge Exchange, added: “These results are testament to the work that goes on across the University community to ensure that we contribute to research partnerships, to help grow the region’s economy and to be an integral part of the region by helping to shape its future.