Northern Ireland Small Business Makeover

By: IC
No, this article has nothing to do with beauty but, it has everything to do with the way that Northern Ireland small businesses are conducting their operations and how they will be changing for the best due to a new program which invests in small businesses in order to help them grow become more profitable.

Starting in June 1, 2008 small businesses located in Northern Ireland will be able to apply for what are called innovation vouchers which may be valued up to ?4,000, Invest NI will partner with research centers of excellence to access support, information and practical advice in order to make this ambitious plan happen.

The vouchers can be redeemed for key advice in help from experts on specific projects, the help will be provided by experts may be located anywhere within the island.

These voucher scheme has an estimated funding of ?900,000 which will be disbursed over the course of the next three years, the funds will be provided through the ?90 million Innovation Fund which was announced earlier this year. Experts who will be providing help and information are universities, colleges as well as publicly funded research groups which cover several areas from business all the way to the technical aspects.

In addition, a similar operation is being executed throughout the Republic with the help of Enterprise Ireland.

Tracy Meharg who is Invest NI's innovation chief said that the greatest opportunity for generating additional wealth in Northern Ireland and to encourage them in our local companies to innovate their technologies and procedures in order to realize their full potential. Invest NI's innovation chief launched this initiative at the northern Ireland science park.

Without a doubt this is a great opportunity for companies which operate in Northern Ireland to position themselves within their niche and achieve a higher level of excellence and at the same time maximizing their capabilities and revenue potential. The vouchers will be redeemable for information which will help this businesses improve their procedures and technology.
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