£12 million investment in new research and development will accelerate innovation and support growth

£12 million investment in new research and development will accelerate innovation and support growth

07 Apr 2011

The Technology Strategy Board is to invest up to £12 million through three new research and development competitions that will stimulate innovation and support growth across the UK. 

Scheduled to open in May and June, the three competitions are designed to accelerate the development of innovative new technologies in different areas – materials technologies for use in energy generation, transmission, distribution & storage, strategies to improve the resistance of buildings to climate change and ICTs for the manufacturing and construction sectors.

The investments will build on the Technology Strategy Board’s ongoing programme of activity to stimulate and support business-led innovation across the UK, through funding to aid the development of new technologies and a range of activity that fosters and encourages collaboration and knowledge sharing in a wide range of technology areas and business sectors across the UK.

The three new competitions are Energy Materials (£3m), Design for Future Climate (£2.4m) and ICT for high value manufacturing and construction (£7m) (please see brief details in the Notes to Editors).

In addition to the new competitions, the Department for Food and Rural Affairs (Defra) has offered to support a recently-launched funding competition by providing an additional £500,000 for innovative research and development projects.  The Nutrition for Life funding competition, which opens on 9 May, is intended to encourage the development of innovative processes and technologies with an emphasis on providing “healthy” and “safe” food and drink, and will support both feasibility studies and collaborative research & development projects. 

Further information about the three new competitions will be available shortly on the competitions page of the Technology Strategy Board website – www.innovateuk.org

For full media alert including notes to editors please follow this link

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Last updated on Thursday 07 April 2011 at 16:00

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