Dynamic Incubation Programme Aims to Foster Innovation and Job Creation

By March 10, 2015Corporate, Newsroom

LEDCOM has launched a new incubation programme and hi-tech Innovation Suite aimed at creating 25 new jobs within Willowbank Business Park.

The Larne Business Innovation and Incubation Programme (LBIIP) is supported by Larne Borough Council and was officially launched by the Mayor of Larne, Councillor Martin Wilson.

Councillor Wilson said:  “As Larne Borough Council comes to an end as a local authority, it is highly appropriate that one of my concluding events on behalf of the Council was to announce a project which has the potential to bring economic benefits to Larne for years to come. It is even more fitting that it is in relation to a project which is a partnership between the Council and LEDCOM.”

“The LBIIP represents the fulfilment of an agreed strategic action under Larne Borough Council’s 2011 to economic development action plan to encourage innovation through business incubation. Under the Council’s economic development budget, it agreed  £100,000 capital budget  support towards  the project with matched funding provided by LEDCOM. LEDCOM is providing all the ongoing programme support to LBIIP participants” .

Access to the Innovation Suite is a key part  of the LBIIP which is open for applications from eligible start ups and existing small businesses which meet the programme criteria.

LEDCOM Chief Executive Officer Ken Nelson said that enterprises selected for the LBIIP and locating in the Innovation Suite, would be provided with a wide range of tailored business support from dedicated and experienced LEDCOM staff.

He said: “This is an exciting opportunity for knowledge-based, export orientated start-up companies to get bespoke incubation support, move into state-of-the-art facilities and receive top class business advice and mentoring in areas such as marketing, recruitment and IT skills.

“Our Willowbank  Business Park site already houses a number of innovative and forward-looking companies such as Stealth Translations which are using the latest technology to explore new markets. New companies who seize this opportunity will be working in an environment where entrepreneurship and fresh thinking thrives.”

Mr Nelson said the extensive reconstruction of the two lane highway between Larne and Belfast meant that companies had the advantage of being close to a major port and within easy reach of Belfast City Centre.

“Improved communications and infrastructure means this area is set to become one of the most attractive locations for innovative new businesses. There are a number of sites beside the A8 primed for business development, so the LBIIP is an opportunity for start-up companies to establish a foothold in this new business corridor.”

The Larne Business Innovation and Incubation Programme involves an application process to select innovative companies with an appetite for growth. Successful applicants will access bespoke support such as :

  • Business & marketing plans, HR plans and corporate governance plans
  • Sign posting/referral to other sources of support/networking opportunities
  • Package of subsidised training to include ; management & leadership training/project management training/ICT training
    • Access to finance support
    • Assistance with recruitment
    • PR and marketing support programme including social media
    • Subsidised rental ramp up within the Innovation Suite units

For more information about the programme go to http://www.willowbankbusinesspark.com, www.ledcom.org or geraldinesmyth@ledcomwbp.org or 028 28269973