Global Business Innovation Programme Immersive Technology

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The Global Business Innovation Programme (GBIP) helps ambitious UK companies developing cutting edge technologies in key sectors enter global markets of strategic importance and find international collaboration partners.  
 
WHAT TO EXPECT
Successful applicants will benefit from an intensive 9 to 12 months three phased programme and bespoke support from an Innovation and Growth Specialist throughout. 
  • Getting ready for the market: Preparation workshops to build knowledge and understanding of the market and opportunities, including cultural differences and how to do business in South Korea, protecting Intellectual Property and training on articulating your value proposition and how to pitch.
     
  • Visiting the market: Exclusive access to the South Korean immersive technology market and the opportunity to meet with key contacts, research organisations and companies. Meet potential collaborators and partners through pre-arranged meetings and  matchmaking events. 
     
  • Exploiting the opportunity: A follow-up workshop and bespoke support from an Innovate UK EDGE Innovation and Growth Specialist to exploit contacts and knowledge gained during the visit and develop cross border innovation projects. 
By applying for a place, businesses commit to participating in all three phases to maximise the opportunities for the business and public investment. A senior person from the business will be expected to participate in all activities and should be the named applicant.

Successful businesses will have a designated Innovate UK EDGE Innovation and Growth Specialist to support them for the duration of the Global Business Innovation Programme, including developing an action plan to capitalise on the opportunities identified. You will be expected to work with the Innovate UK EDGE Specialist throughout the length of the initiative.

Innovate UK will fund and organise flights, accommodation, and in-market travel and conference fees for successful applicants on the innovation visit to the country. On acceptance to the Global Business Innovation Programme, a commitment fee of £500 (ex VAT) will be obtained from each successful company which will be returned after their involvement in all activities. Non-attendance of any part of the initiative after formal acceptance may result in forfeiting some or all of the fee. 

Please note, this application must be completed online in one session. You cannot save and return to the form, so we strongly advise you to prepare a draft. Only online applications will be accepted.

The application will take approximately 1 hour to complete. All fields are mandatory.

Your application will be reviewed by a selection panel. Places are limited and will only be offered to businesses that score sufficiently highly and agree to engage with all three phases of the programme. Successful applicants will be offered a place by 2 March 2022.