What is Cotie and the goal of the ERDF?
Cotie, Centre of Technology and Innovation Excellence opened on the 7th February 2020 but since the end of March 2020 we faced unprecedented times with a pandemic and were put in lockdown by the UK government, the building has been closed for 4 months but reopened on the 17th August with social distancing, face coverings and hand sanitiser in place.
We are pleased to be back and look forward to helping you grow your business, develop your concept or maybe provide you with a quiet and comfortable place to work.
Developed in association with Petroc and Part-funded by the European Regional Development Fund (ERDF), Cotie’s mission is to provide start-ups, micro and small to medium sized enterprises (SMEs) access to a wide range of advanced technology-based facilities, all designed to nurture business growth and develop product ideas and concepts.
The European Regional Development Fund focuses its investments on several key priority areas;
Innovation and research
The digital agenda
Support for small and medium-sized enterprises (SMEs)
The low-carbon economy
The Programme's strategy focuses firmly on growth, building on England's competitive advantages and addressing key bottlenecks in specific sectors and geographies. The aspiration is for locally driven growth and development. The resources are focused on the core objectives of innovation, SME competitiveness and the low carbon economy whilst at the same time recognising the need for targeted interventions to unlock barriers that matter strategically to specific areas in England.
To Increase the proportion of small and medium-sized enterprises that are innovation active and to increase the value of services provided to small and medium-sized enterprises by higher education institutions;
Reduction in the gap in productivity between SMEs and large companies productivity measured in terms of gross value added per employee;
Reduction in carbon emissions in areas with low carbon strategies and increase the percentage of firms in low carbon sectors who are innovation active.
Cotie with it’s shared-use laboratories housing the very latest 3D printing and design facilities, the Centre is the perfect setting for local entrepreneurs to hone concepts and develop ideas.
Cotie has been built to inspire collaboration and creativity to local SME’s and micro-businesses. Offering individuals and businesses access to a wide range of advanced technology-based facilities available to develop and create ideas and concepts.
Many small to medium sized businesses don’t have the facilities or funds to enable them to get ideas off the ground. Our Centre opens up new opportunities and helps to break down some of the barriers that have currently been holding them back.
The centre encourages collaboration, promotes the exchange of information between industries and create opportunities for small start-up ventures and ‘cottage industries’ to develop and grow through knowledge transfer partnerships.
Cotie will have strong links with the North Devon Enterprise Centre in Roundswell, led by Devon County Council to provide a collaborative workspace for entrepreneurs and small businesses, as part of a wider strategy to foster a culture of enterprise and innovation in the area
"Petroc Cotie Opening - Petroc College."
"European Regional Development Fund - Regional Policy ...." https://ec.europa.eu/regional_policy/en/funding/erdf/.