A peer-network programme where Cumbrian business leaders can explore and test opportunities, challenge each other, and learn the tools and knowledge needed to accelerate innovative business ideas. This is a six month programme which consists of workshops, access to Masterclasses, an overnight experiential, an open-innovation challenge and a company visit.

Who is it for?

The Innovation Development Programme has been specifically designed for senior decision makers of Cumbria based SMEs. This six month programme is suited to businesses who want to learn the tools they need to explore new markets, adapt to a changing environment, identify opportunities for product and service development, and implement an entrepreneurial mind-set within the business.

This is a fully-funded programme available to European Regional Development Fund (ERDF) eligible companies.

What’s involved?

• Businesses on this programme will be required to attend 7 days of workshops over the course of six months. The majority of the programme’s workshops will be delivered in Cumbria.
• The programme begins with an Overnight Experiential (OE), which is a two-day (one-night) welcome event held in Cumbria. The OE features different idea generation exercises, focused discussions, and introduces the peer-to-peer learning process.
• Over the following 5 months you will participate in a series of one day workshops delivered by leading academics at Lancaster University and business experts in the field.
• You will experience a company visit and a tour of operations at a large regional company, which is intended to highlight best practice to learn how to overcome challenges.
• An Open-Innovation challenge will be set where you will work in groups to explore the structures and behaviours required for the implementation of an innovation-oriented culture.

What will I learn? 

Workshops will cover:

• Customer, market, and competitor analysis
• Idea generation, testing and validation
• Developing dynamic business models
• Creating an entrepreneurial culture
• Innovation  in practise

Benefits

• Each cohort brings together a trusted group of business leaders with different skills, knowledge and experience to develop fresh perspectives.
• An opportunity to spend time actively working on your business, away from day-to-day distractions.
• Learn tools and techniques to accelerate the development of market opportunities and the commercialisation of new products/services.
• Gain access to the series of popular Masterclasses run by Lancaster University Management School which includes talks from world-class and high-profile speakers for inspiration.

Who will deliver it?

This programme will be delivered by Lancaster University Management School, which is ranked in the UK’s top ten and is among the world’s top 100 business schools.