How Science City can help your business
The Newcastle Science City business support team has been developed with a single-minded objective – to accelerate business ideas with high-growth potential.
Our business knowledge combined with our unique access to university expertise makes us the first port of call for businesses looking to exploit opportunities and develop ideas.
As a team we have decades of combined business experience in organisations of between 1 and 100,000 people, across various sectors and on five continents. The common thread through all this experience is in the development and launch of new products and services.
This experience has led us (through successes and failures) to an in depth understanding of what it takes to get a new product to market. We’ve taken this experience and put it into a model for business development. By combining the model with public funding, we’re able to offer a route to commercial success for your business idea.
This route won’t suit everyone. It’s not aimed at so-called ‘lifestyle’ businesses. It’s not aimed at ‘me-too’ businesses or ideas that require years of development.
What we look for in a business idea:
A clearly identified unmet customer need. This means that you need to understand your target customers better than anyone else, that you must know their problems and what they aspire towards – this way you can be sure that the solutions you come up with have a ready market.
An innovative way of meeting the customer need. This doesn’t have to be an amazingly complex innovation – in fact, it’s often better if it’s simple, low risk and uses current technology in a clever way.
A scalable solution that can reach many customers with little additional cost after initial development.
A strong team of people motivated to take the business forward.
We work with you to improve your chances of success, to help you avoid the worst pitfalls, to get your product to market quickly and maximise profits along the way.
Businesses and entrepreneurs who we support benefit from the following:
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An initial sounding board
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Bespoke help to bring ideas to market using our unique insight innovation model
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Funding for specialist services in areas such as prototyping, market research and intellectual property
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An investor readiness programme delivered in partnership with NEA2F
Come and meet with us
To speak to Newcastle Science City’s business support team and find out how we can help your business call 0191 211 3015 or email simon.green@newcastlesciencecity.com.
How NSC can help
Newcastle Science Company Limited aims to support a portfolio of entrepreneurs and businesses that have the greatest potential to generate high-growth revenue and quality employment opportunities as a direct result of our intervention. All support provided by NSC is based on the methodology of the Newcastle Innovation Machine insight-led model, which is further explained below.
In order to establish this potential we take interested companies through our assessment criteria, and from this establish whether we are in a position to help.
To achieve this we first look for the business propositions fit with the three science themes; Ageing & Health, Stem Cell & Regenerative Medicine, Sustainability. or an innovative cross-cutting theme. Secondly we talk through with each company the thinking behind their business plan and look to firmly establish a quantifiable insight-led proposition. Once this is established we identify what value-added we can bring to the project by matching the entrepreneur or businesses need to NSC's in-house business development and support skills.
We are able through our work to support not only entrepreneurs and start-ups but also existing businesses that are looking to innovate and grow. Companies need to be based in North East England.
When a company is identified as matching the NSC criteria we work with them to establish how best our resources can benefit them. Support on offer includes: innovation expertise including business planning and finance; access to market research, testing and prototyping support; marketing & sales support; PR support; web consultancy; IP & Patent mapping; legal advice; help establishing funding support i.e. venture capitalists, North East Business Funding etc; virtual office space at Science City offices.
In the event that we are not in a position to help, we always aim to help companies establish the best business support route on offer, by working closely with other business support providers across the region.
How NSC can help
Newcastle Science Company Limited aims to support a portfolio of entrepreneurs and businesses that have the greatest potential to generate high-growth revenue and quality employment opportunities as a direct result of our intervention. All support provided by NSC is based on the methodology of the Newcastle Innovation Machine insight-led model, which is further explained below.
In order to establish this potential we take interested companies through our assessment criteria, and from this establish whether we are in a position to help.
To achieve this we first look for the business propositions fit with the three science themes; Ageing & Health, Stem Cell & Regenerative Medicine, Sustainability. or an innovative cross-cutting theme. Secondly we talk through with each company the thinking behind their business plan and look to firmly establish a quantifiable insight-led proposition. Once this is established we identify what value-added we can bring to the project by matching the entrepreneur or businesses need to NSC's in-house business development and support skills.
We are able through our work to support not only entrepreneurs and start-ups but also existing businesses that are looking to innovate and grow. Companies need to be based in North East England.
When a company is identified as matching the NSC criteria we work with them to establish how best our resources can benefit them. Support on offer includes: innovation expertise including business planning and finance; access to market research, testing and prototyping support; marketing & sales support; PR support; web consultancy; IP & Patent mapping; legal advice; help establishing funding support i.e. venture capitalists, North East Business Funding etc; virtual office space at Science City offices.
In the event that we are not in a position to help, we always aim to help companies establish the best business support route on offer, by working closely with other business support providers across the region.
