British Library: Innovating for Growth
“Innovating for Growth” is a relationship-managed programme, designed and delivered by the British Library Business & Intellectual Property Centre (BIPC) and selected private sector partners. Participants are owners of established businesses that have been trading for more than one year and have aspirations to grow their business through innovation.
The BIPC has an 11-year track record in supporting entrepreneurs and business owners to start and run successful businesses. The cornerstone of their service is free access for entrepreneurs to the UK’s most comprehensive collection of business and intellectual property information, combined with free and affordable workshops, one-to- one advice, mentoring and networking events. These training elements are designed to give people the vital skills and knowledge they need to run a viable business. To date, over 550,000 people have used the centre (including repeat visits), with independent research showing that businesses that use their services are four times more likely to be successful and sustainable than the national average3.
Innovating for Growth was launched in 2012 in response to demand from ambitious businesses owners using the BIPC who wanted support to innovate, create jobs and fulfill their growth potential. The three-month bespoke programme consists of six modules, delivered on a one-to-one and workshop basis comprising at least 21 hours of support. The programme is delivered by BIPC sta and selected private sector partners. It also helps entrepreneurs to make the most of the British Library’s expertise in IP management and business research.
Each business owner is paired with an account manager who oversees the engagement, acts as a counsellor and refers participants to relevant services. They can draw on customised business and market research and IP advice to produce a viable business growth plan. There are regular reviews after completion of the programme to track progress against the plan and measure outcomes in terms of new processes and services developed, turnover, Gross Value Added (GVA), and job creation.
Participants also become members of the “Growth Club,” which features events and peer-to-peer networking. The British Library now has an alumni network of over 300 scaleup businesses and has reached out to a diverse community of business leaders. Notably, in last year’s cohort 43% of the participants were female-led businesses, 39% were Black, Asian and Minority Ethnic (BAME)-led businesses
If you know any national or local scaleup programmes that you want to recommend as a potential case study for the Institute to consider please do get in touch: firstname.lastname@example.org