Hundreds of companies have been helped to innovate and grow, thanks to a ground-breaking partnership led by Teesside University.
The Innovate Tees Valley project, which began in November 2016 and ended last month, has also helped businesses in the region develop 144 new products and create over 40 jobs.
Innovate Tees Valley was delivered by the University in conjunction with the North East Process Industry Cluster (Nepic), the Materials Processing Institute (MPI) and DigitalCity, to help companies build capacity, create new products and services and enter new markets.
Tees Valley Mayor Ben Houchen said: “Innovate Tees Valley has been a hugely successful initiative. The number of local companies that have taken advantage of this programme shows just how entrepreneurial and ambitious our region’s businesses are.
“The programme’s record of success in enhancing collaboration, growing innovation capacity and creating high-quality, well-paid career opportunities speaks for itself. Its successful delivery is a credit to Teesside University.”
Services offered by Innovate Tees Valley included mentoring, academic consultancy, innovation advice and support, access to export networks and part-funded graduate placements and knowledge exchange internships.
Laura Woods, Director of Academic Enterprise at Teesside University, said: “Innovate Tees Valley set out to help SMEs meet the challenges of growth and help them develop and exploit new ideas.
“We’re delighted at the success of the project and the impact it is continuing to make in the Tees Valley. Innovate Tees Valley is now firmly established as a key element of the region’s innovation strategy.
“We’re looking forward to building on these successes over the next three years.”