East Midlands Development Agency (emda) is to provide a three-year £4m fund as part of a new technology framework. The fund commissioned by East Midlands Innovation, will support investment in technology projects.
The framework aims to improve the profile and influence of the region to develop a supportive environment for technology, maximise investment and enhance technical strengths and opportunities.
The fund identifies priority areas, which include materials, design, engineering and manufacturing, energy and waste, information and communication technologies (ICT) and biotechnologies and therapeutics.
The initial invitation for funding will provide £1.75m and support prority projects in ICT, biotechnologies and therapeutics.
There are two types of grants available: demonstration grants and pathfinders. Demonstration grants, ranging between £100,000 and £500,000, will support collaborative projects in technology transfer and new technologies, to enable them to be advanced, improved and adapted for commercial use. The Pathfinder projects will focus on activities that gather evidence of market validation, establish commercial opportunities and demonstrate the regional benefit of supporting the technology.