Wave International has been awarded an £80,000 Grant for Research and Development (GRD) from the East Midlands Development Agency (emda) to tackle the problem of pollution from non-industrial wastewater.
The Lincolnshire-based company manufactures a variety of Wavestream filter systems to help reduce pollution from grey water, which is typically produced from domestic processes that occur on boats, including laundry.
Paul Gullett, managing director of Wave International, said: ‘The GRD from emda has allowed us to expand our company and take the next step in our development.
‘We believe that the technology we are pioneering will become increasingly important in the coming years and the grant will allow us to be the first to market this type of product.’
Emda hopes that the grant will help the company deliver its first filter system by 2011, following successful completion of the research and development phase.
John O’Reilly, business support director at emda, said: ‘Research and development is vital to a company’s long-term success.
‘The GRD makes research more affordable for many businesses in the east Midlands, allowing them to cost-effectively develop innovative products and stay ahead of the competition.
‘I am delighted that through this scheme we are able to support businesses in the region to become, and continue to be, market leaders.’
The GRD scheme is targeted at individuals and small and medium-sized enterprises in the east Midlands that are undertaking research and development work on innovative products.
In addition to supporting businesses, the grants are designed to encourage private investment and create new jobs throughout the region.