TSB backs feasibility projects
1 min read
The Technology Strategy Board has announced an investment of £5million in 22 new research and development feasibility projects addressing high value manufacturing. This is the third investment the TSB has made in high value manufacturing in the last 18 months, taking the amount invested in this area to nearly £50 million, funding more than 80 projects.
The high value manufacturing innovation feasibility projects cover a broad range of enabling technologies, from digital printing to the manufacture of medical implants using laser melting techniques, and from robot enabled 3D precision assembly to the development of special inks to improve the security of high value branded products.
Explaining the background to the latest investment, Robin Wilson, the Technology Strategy Board's lead technologist for high value manufacturing, said: "The last funding competition we ran in this area was heavily oversubscribed and we received a huge number of outstanding applications. We were unable to fund many of the requested projects, even though they met our assessment criteria. So we were very pleased that the Department of Business, Innovation and Skills has made available a further £5m, which has enabled us to fund these exciting and important projects as feasibility projects."
It is anticipated that the projects will help establish both technical feasibility and effective collaboration networks, for further innovation work in these important areas of technology development for high value manufacturing.
