Introducing The Professional Services Innovation Research Fund

The University of Birmingham, together with the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP), are launching a pilot fund to drive innovation across Business, Professional and Financial Services (BPFS). Building on consultation with regional BPFS leaders, the fund will capitalise on Birmingham’s rapidly growing business/academia/policy ecosystem, to support exciting new discoveries in the City Centre’s emerging innovation district.

Businesses, working with an academic lead, can apply for grants up to £4,000 to deliver innovation across products, services or processes. Pilot projects might include technology development and transfer, initiatives to support workflows, or programmes to support innovative approaches to employee diversity and wellbeing. The University of Birmingham Business Engagement team will help interested businesses to form academic links in preparation of an application, where needed.

Applications are open for twelve months from July 8^th 2021. All projects will need to be completed within the year, with aggregate outputs informing how best to drive outcomes for successful innovation in the sector and region. Findings from the successful pilot programmes will be compiled into a white paper highlighting successes and providing case studies to be used as evidence in development of future regional innovation deals.