TSB announces plastic electronics investment
The Technology Strategy Board (TSB) has announced £8m worth of government investment into new plastic electronics technologies to accompany the launch of a National Strategy for Plastic Electronics.
The strategy will identify key issues that must be addressed for the UK to lead the supply of plastic electronics and will recommend solutions, including actions to encourage, coordinate and facilitate investment and to support business growth.
The TSB will launch two business-focused competitions early next year to help facilitate the recommended solutions.
The first, which opens in January 2010, will encourage top sector representatives to compete for a total of £3m that will go towards devising, developing and demonstrating projects that facilitate UK businesses to use plastic electronics in their product development.
The second, a £5m collaborative research-and-development competition, is intended to build the supply chain and to overcome barriers to the UK exploitation of plastic electronics technology.
Business secretary Lord Mandelson, who launched the UK strategy on 7 December, said: ‘The benefits of plastic electronics technology are potentially huge for the UK economy, our society and the environment. And the sector is predicted to grow at an astonishing rate over the next two decades.
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