Are you a SME based in Coventry & Warwickshire looking for grant in order to support and develop a new innovative product, process or service?
Induction Technology Group (ITG) Limited, are a company located in Coventry, specializing in air filter and air intake system design and manufacture for road and competition cars. Established as the world’s leading high performance foam air filter manufacturer, currently supplying champions at the highest levels of motorsport. Operating all over the world with 45 distributors in 29 territories covering over 200 accounts in the UK.
Despite leading the way in original equipment of manufacturer style induction systems for the aftermarket tuning industry, ITG accepted the challenge of designing a very special set of parts to penetrate the American market. A unique solution offering the buyer an opportunity to release power and, in some cases, gain fuel efficiency.
The Innovation Networks European Regional Development Fund (ERDF) project, delivered by Coventry University Enterprises Business Solutions were able to provide grant assistance to ITG Ltd. The support on offer would release funding to allow ITG Ltd to buy tooling to produce injection moulded parts necessary for this particular product and market sector. It aims to give the appearance and feel of a ‘factory fitted’ component as well as the enhanced performance that the air box and filter delivers.
With the grant support ITG Ltd had the confidence to invest in this new venture. The innovative idea offers a new exciting high-quality part to the industry and places them firmly on the map in the USA, a market not previously fully explored.
Grants up to £12,000 are available to SMEs in Coventry & Warwickshire to support prototypes development, testing, IPR and marketing.
To find out more or to discuss your ideas, please get in touch: CColbyJohnson@cad.coventry.ac.uk | 02476 236406 | www.cuebusinesssolutions.com