Government launches £18m project funding competition

Businesses are being invited to compete for a share of nearly £18m of government funding to develop technological innovations that may create growth for the UK.

The Technology Strategy Board, together with Scottish Enterprise, will seek proposals for business-focused research and development projects in technological areas, including advanced materials, biosciences, electronics, photonics and electrical systems, information and communications technology and nanoscale technologies.

David Bott, director of Innovation Programmes at the Technology Strategy Board, said: ‘We are particularly keen to encourage innovation in new technologies that can lead to the creation of other products and processes [that] support future development across different application areas.

‘We would also be interested in proposals that take a known technology into new application areas, where significant technical challenges need to be overcome.’

The Technology Strategy Board has allocated up to £15m to fund collaborative R&D projects and Scottish Enterprise will provide up to £2.75m of additional funding.

The competition opens for proposals on 31 October 2011 and expressions of interest must be submitted by 7 December 2011.

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