The event is being held as part of Merthyr Tydfil's Global Enterprise Week in conjunction with HOVIP
HOVIP aims to increase innovation in business, including social enterprises, and to raise the profile of a region with high levels of economic and social deprivation.
A total of 132 individuals and 32 businesses were supported in HOVIP's first phase, which ran from August 2006 to December 2007 and was such a success that an expanded second phase has now begun.
HOVIP is a private and public sector partnership involving five Heads of the Valleys councils, Community Enterprise Wales, NESTA, BT, HSBC, KTS Owens Thomas, ngb2b and the Wales Quality Centre.
Cefnogwyd cyfanswmo132ounigolion a32 o fusnesau yngnghamcyntaf HOVIP, a redodd o Awst 2006 i Ragfyr 2007, ac roeddmor llwyddiannus fel bod ail gam estynedigynawr wedi dechrau.
"Bu dull partneriaethynhollbwysig i lwyddiant HOVIP,"meddai Phil Burkhard, rheolwr prosiect HOVIP.
"Mae'r ffaith fodypum cyngor yn ardal Blaenau'r Cymoedd, 12 o feirniaidygwobrauanoddwyr proffil uchel oll eisiauparhau i gymryd rhanynail gam HOVIP yn dystiolaeth go iawnoweithio partneriaeth effeithlon."
Phil Burkhard, HOVIP
programme manager, said: "All the students can be congratulated on completing the journey which has additionally helped to further inspire Rhymney Brewery."
experience, helping businesses to develop and grow and the inaugural HoV Innovation Awards last year explodes this myth.