Innovative R&D to get £ 50million -

Innovative R&D to get £ 50million


LONDON, England — Disruptive technologies in electronics and displays as well as sensor and control systems are two of seven priority areas identified as targets for a £ 50 million programme now available to support technological innovation.

Speaking to over 500 business leaders at the Government's Technology Strategy and Programme Information Day, Science Minister, Lord Sainsbury, asked businesses to put forward new project ideas for researchers and university academics.

“We have put aside at least £ 150million over the next three years to support research and development and the sharing of technology innovations, areas critical to the growth of the UK economy,” said Lord Sainsbury.

“Today, I have announced the first funding tranche of £ 50 million and I am calling upon businesses to work with research bodies to put forward projects for funding that could make a real difference to our economy.

The other five priority areas are bio processing; technologies to support environmentally-friendly transport; advanced composite materials and structures; inter-enterprise computing; and renewable technologies..The money will be made available by open competition through two of the DTI's new business support products: Knowledge Transfer Networks and Collaborative Research and Development. These products were developed as part of a restructuring of DTI's business support that replaced a complex array of schemes with just nine products that are easier to use and understand.

Grants of between 25 and 75per cent will be made available for collaborative projects and 100 per cent grants will be available for proposals that help develop dynamic knowledge transfer networks in the specific key emerging technology areas. Applications can be made on-line via the DTI website.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.