The first innovation roadshow of its kind in the South is happening in May and June.

Innovaction Global, an advisory service supporting companies in unlocking government grants for innovation, is holding free workshops.

Every company involved in R&D and technological development, which view innovation as their commercial future, are welcome to attend.

The roadshow kicks off in Fareham Innovation Centre, home to 57 tech-led companies, situated by the Solent Airport in Lee-on-the-Solent, near Gosport.

Monika Dabrowska, the founder director of Innovaction Global, which has backed 350 companies thus far, will share key insights and give tips on writing successful grant applications.

The first workshop will be held at 10am on Tuesday, May 14, with a 90-minute session on preparing successful proposals to Innovate UK, the national innovation agency of the UK that supports business-led innovation in all sectors and technologies.

Commenting on the upcoming roadshow, Ms Dabrowska said: "There are companies in the South, particularly R&D start-ups and early-stage businesses, which have no idea grants are available and that their project costs can be offset by between 45% to 100% if their application for grant funding is successful."

She went on to add the hard truth that many new businesses fail within 36 months, usually due to high financial burn rates.

Ms Dabrowska said: "Innovaction Global’s Roadshow is the first of its kind in the South – it means local companies have the convenience of attending our free sessions on their doorstep."

After Fareham, the roadshow will also stop at Oxford, Bristol, Guildford, and finally Southampton.

Ms Dabrowska also highlighted how massive amounts of grant funding await UK businesses.

The government encourages these applications, she noted, as successful businesses generate revenue, jobs and taxes, more than compensating for the initial public expenditure.