Government puts £18million behind technology R&D projects
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A new government incentive to support technology inspired research and development projects is being backed with nearly £18million of funding from the Technology Strategy Board and Scottish Enterprise.
Businesses across the UK are being invited to compete for a share of the funding, which will be awarded to projects focused on key enabling technologies. This includes areas such as advanced materials, electronics, photonics & electrical systems and nanoscale technologies.
"We are particularly keen to encourage innovation in new technologies that can lead to the creation of other products and processes which support future development across different application areas," said David Bott, director of Innovation Programmes at the TSB. "We would also be interested in proposals that take a known technology into new application areas, where significant technical challenges need to be overcome.
Jan Reid, head of Scottish Enterprise's Enabling Technologies & Advanced Engineering team, added: "The application and adoption of new technologies will aid our economic recovery and growth. I would encourage all businesses to think about this call for ideas and how they can exploit this opportunity for growth.
The Technology Strategy Board has allocated up to £15m to fund collaborative R&D projects, with Scottish Enterprise providing up to £2.75m of additional funding. The competition opens for proposals on 31 October.
