Initiative offers free support to entrepreneurs

An innovation and business hub based in Stowmarket is proud to introduce a brand new LEP funded initiative to help regional innovation prosper during the current challenging times. Innovation Labs is offering East Anglian start-up companies the opportunity to apply for 25 free virtual memberships for 12 months.
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An innovation and business hub based in Stowmarket is proud to introduce a brand new LEP funded initiative to help regional innovation prosper during the current challenging times. Innovation Labs is offering East Anglian start-up companies the opportunity to apply for 25 free virtual memberships for 12 months.

Launched in Stowmarket in November 2019 and supported by Mid Suffolk District Council, Innovation Labs was set up with the aim of fostering innovation, entrepreneurship, and business growth. Each virtual membership includes exclusive benefits such as high-level mentoring, access to funding advice, business and innovation training sessions, support for business plan development and business networking assistance.

Interested parties can apply at https://virtual.innovationlabsstowmarket.com from 2nd November until 27th November 2020, by submitting a 200 word entry outlining their business innovation concept and why they should be awarded an Innovation Labs Virtual Membership. Each application will be assessed by the founders of Innovation Labs, Peter Brady, CEO of world leading digital technology company, Orbital Global, Peter Basford, founder and CEO of Business Growth Coaches Network (BGCN), and Hermione Way, Brand Consultant and former head of European communications for Tinder.

Peter Brady, CEO at Orbital Global, comments, ‘The pandemic has made many people assess their career aspirations. This initiative is a great opportunity for those who have long considered developing an innovative idea, but, lacked the know-how, funds or confidence to take it further.’

He continues, ‘In what has been a very challenging year, Innovation Labs wants to play its part in offering hope and opportunity to Suffolk’s aspiring entrepreneurs. Our virtual
memberships provide a unique blend of world leading support, advice, and skills, at a time when start-ups need them most.’

Tim Robinson, COO at TechEast, adds, ‘At a time when many people will be considering starting their first innovative business, but finding it harder to make the right connections, this new programme from Innovation Labs will plug them in to an array of tailored support.’

Chris Starkie, Chief Executive of the LEP, says: ‘Norfolk and Suffolk have established an excellent reputation for innovation and supporting start-ups and fostering business growth, especially in such a challenging climate, will be vital to the recovery effort over the coming months. This initiative represents an excellent opportunity to back those with great business concepts but who don’t know how to take them to the next level.’

The deadline for applications is 27th November 2020. For more information and to apply, visit https://virtual.innovationlabsstowmarket.com.

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