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UKBI Champion Award

10.12.07

The Surrey Enterprise Hub is an impartial service for people with innovative ideas that have the potential to turn into big businesses quickly. The SEEDA-backed Enterprise Hub Network comprises over 20 locations across the South East. Enterprise Hubs work together to provide a significant and high-impact business support network.

The Surrey Enterprise Hub offers a commercialisation service which, through the careful combination of business support tools, access to incubation premises, and early-stage funding, helps young companies to exploit innovative ideas. 

In the early-stage segment of the market which the Surrey Enterprise Hub serves, there is no shortage of concepts but there are many barriers to the commercialisation of ideas.  Early-stage innovation is a high-risk activity because of the long development time before revenues flow.  Consequently, private sector investors are not interested in early-stage innovators – market failure is therefore undisputed.  SEEDA, via the Enterprise Hubs, intervenes to support early-stage innovators.

Enterprise Hubs harness the drive and ambition of local partners and business people – in short, the Surrey Enterprise Hub is entrepreneurial in helping entrepreneurs. The objectives of SEEDA’s Enterprise Hub Network are to promote economic growth by:

  • providing a networking forum for local entrepreneurs and early stage businesses;
  • providing more intensive support to the most promising entrepreneurs in the network;
  • improving entrepreneurial access to technology, research, innovation and business support;
  • improving access to early-stage finance

Click here to read the full document.