Investment tackles future environmental challenges

Investment tackles future environmental challenges

22 Jun 2012

Deputy Prime Minister Nick Clegg has announced a new competition, to be run by the Technology Strategy Board, which will tap into the business opportunities created by a future 'perfect storm' of environmental challenges.

Under current projections, by 2030 the world will need at least 50% more food, 45% more energy, and 30% more water – and this will need to be produced while minimising damage to the environment.

Businesses will be invited to apply for the opportunity to develop innovative projects that address the issues of future water and food scarcity and the need for clean and affordable energy. The competition will encourage the creation of innovative new technologies that could help solve these difficult environmental problems and that have the potential to become the successful 'environmental' products and services of the future.

The £3m competition will be run through the Technology Strategy Board's SBRI process, in partnership with the Department for Energy and Climate Change and the Department for the Environment, Food and Rural Affairs. SBRI gives technology-based SMEs opportunities to compete for contracts to deliver innovative solutions to challenges faced by government, and to take these solutions to the point at which they are ready for market.

The competition will open later this year; more details and information about the application process will be published in due course on the competition pages

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Last updated on Tuesday 10 July 2012 at 15:00

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