Belfast City Council is launching a Small Business Research Initiative competition in partnership with the Department of Finance Land & Property Services and Future Cities Catapult.

Funding for the project has come from the Executive’s Pilot SBRI Challenge Fund which is managed jointly by the Department of Finance and the Department for the Economy.

Belfast Royal Avenue Press Eye

The project aim “is to encourage the development of timely, accurate, cost effective and equitable solutions which can be implemented to maximise business rate revenue for the city.”

shutterstock_395331400

Business rates are a valuable source of income for both the Northern Ireland Executive and Belfast City Council, as rates based capital is the foundation for the delivery of public services.

The competition will have a total budget of £130,000 with up to six companies in Phase 1 receiving up to £5,000 each to develop their ideas to concept stage. The best two or three of these will receive an equal share of the remaining £100,000 up to a maximum of £50,000 each to turn their ideas into commercially viable products to be sold.

shutterstock_361027652

A ‘Meet and Greet’ information event at City Hall on Tuesday, July 5, will allow interested companies to discuss with council officers and others from LPS, Future Cities Catapult and representatives from the Department for the Economy.

How to apply:

Anyone interested in taking part in the competition is asked to register before 12 noon on Friday 19 August, while the deadline for submissions is 12 noon on Friday, 26 August 2016.

Funding for the initiative has come from the Department of Finance. More information on the SBRI event is available on at www.belfastcity.gov.uk/smartcities.

Facebook Comments

Leave a Reply