Despite economic conditions, Scottish companies are continuing to recognise the importance of innovation in developing new products and processes, increasing their competitiveness and accessing new markets, both at home and overseas.
We have invested £16.7 million in 114 projects through our R&D and SMART: Scotland grants over the past 12 months, which helped to leverage a further £55 million of investment by Scottish companies in new research and development activity.
We have also offered advice and guidance to 1,500 companies through our innovation support service and innovation workshops, and supported 428 companies to develop and launch a new product, adopt a new business process or create a new business model.
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