SETsquared, a world-leading business incubator, alongside the University of Bath, has launched a new business support programme aimed at small and medium sized enterprises (SMEs) in the West of England interested in exploring how innovation to become more sustainable can benefit their business or who are already developing a sustainable technology.
The new West of England Sustainable Technologies Scale-Up Programme is funded by the European Regional Development Fund (ERDF) and will help accelerate the growth of 155 SMEs over the next three years.
The primary support will be provided through a Sustainability Workout - an online workshop which will help SMEs scrutinise their existing business model, understand their sustainability challenges and use sustainability and circular economy principles as key drivers for innovation. There are many business benefits to taking this approach including reduced costs, strengthened customer relationships and improved supply chain resilience.
Three dates for the Sustainability Workout are confirmed for 2021 and more dates will be added in 2022 and 2023.
Beyond the Sustainability Workout, the programme will support SMEs through access to researchers in the University of Bath’s Centre for Sustainable & Circular Technologies (CSCT) working on state-of-the-art sustainable technologies. The programme allows SMEs to “start a conversation” with CSCT researchers around their technical challenges in sustainability and, potentially, join with funded collaborative research projects to exploit new technologies that can benefit their businesses in future.
This programme represents the next phase of support for companies who were part of the University of Bath’s successful Sustainable Technologies Business Acceleration Hub (STBAH). The programme is part of SETsquared’s award-winning Scale-Up Programme and by taking part in the Sustainability Workout, participants, if appropriate can receive further support to raise public and private funding to further accelerate their growth.
Talking about the new programme, Pete Keevill, Entrepreneur in Resident for the WofE Sustainable Technologies Scale-Up Programme, said: “The need to make the change to a dramatically more sustainable economy becomes more urgent every day to avoid the worst effects of Climate Chaos.
"Customers are demanding that businesses respond and regulators and big companies are beginning to force the pace of change. But in every major shift there are huge opportunities for businesses that can anticipate, adapt to and then exploit the change and I am excited by the innovation toolkit we are bringing together to help West of England SMEs thrive in a sustainable future.”
Director of the Centre for Sustainable & Circular Technologies (CSCT) at the University of Bath, Professor Matthew Davidson, said: “Low carbon and sustainable technologies are a research strength of this University.
"Not only will the West of England Sustainable Technologies Scale-Up Programme enable us to collaborate more effectively with additional businesses, but they will be businesses who are highly innovative with strong growth potential.
"Having this network available is an important asset for us.”
Stephen Perris, Business Development Manager at Pinweld, a local company focusing on sustainable innovation in plastic welding solutions that has received support through the various SETsquared channels, said: “As a relatively new company Pinweld, like many other start up companies, has no other option but to work incredibly hard and have to move extraordinarily fast to attract potential customers, talent and additional funding.
"Our support from STBAH, University of Bath and the SETsquared team has been invaluable.
"A good dose of straight talking from experienced individuals has certainly helped us shape our business. In particular the research associate team at the University of Bath who put together some presentations to a group of advanced engineering and polymer scientists which has established a number of foundations and initial contacts for the future of Pinweld.
"As a company initially focused on the joining of thin sheet plastics we have expanded our research and development into pipes, manufacturing plus the possibility of joining plant based polymers.
"Also, many hours of support through SETsquared has helped us redefine and expand our business plans through the Innovation Workout programme. We continue to revisit the various plans we develop and create additional ones as new opportunities pop up.
"We’re certainly not out of the woods yet but the help we receive from STBAH and SETsquared certainly increases our chances of survival and I would urge any company looking for business support to help accelerate their growth register to join the SustainableTechnologies Scale-Up Programme.”
To launch the new programme an online event, Changing Your Business to Change the World, is taking place on Wednesday 9th June from 9.00 - 10.30.
Join a panel of business and academic experts as they discuss how companies can be more sustainable and outline the key benefits of this programme - there will also be breakout rooms for networking opportunities.
The event is open to anyone interested to learn more about the programme and to connect with experts in this field. Learn more and register your place for this free to attend event
Applications are already open for companies interested in attending the first Sustainability Workout which is taking place on the 23 & 24 June 2021. Further detail and information on how to apply can be found on the website
This programme is open to companies from across the West of England developing products or services in the low carbon or sustainable technologies from all sectors - companies looking to make their products or services more sustainable can also apply.
If you are looking for ways to become more sustainable as a business, this programme will help companies to do this without increasing costs to the business.