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Up to 15 high-growth innovative businesses are supported during each Global Business Innovation Programme (GBIP). They explore and exploit the collaboration, growth and innovation opportunities that exist in a specific business market around a specific theme, from Agritech to AI. The GBIP provides detailed market knowledge, introductions and cultural insight that SMEs would find difficult to obtain themselves.
A GBIP has three stages:
Preparing for the market includes the cohort being briefed by sector and market experts on, for example, cultural aspects of conducting business in that country. Delegates receive help to find partners and arrange meetings and are advised on best practice including the management and protection of their intellectual property.
Visiting the market provides opportunities to attend pre-arranged meetings and activities in order to better understand and maximise the opportunities that the visit presents.
Exploiting the opportunity is arguably the most important aspect of the programme. To maximise the opportunity, participating companies are given bespoke one-to-one support from an Innovate UK EDGE innovation and growth specialist to help develop and implement an action plan.
The Global Business Innovation Programme operates on a competitive basis and businesses selected are required to participate in all three stages (which occur virtually presently as a result of the pandemic).
We have run approximately 40 GBIPs to date in areas such as Agritech (Canada), offshore wind (China), future cities (India), cybersecurity (Israel), advanced materials (South Korea), and AI (USA).