Science Minister Lord Sainsbury today invited companies to put forward their bids for a new £20 million LINK research programme to develop new technologies.
According to the DTI, the government backed LINK programme will fund partnerships between industry, universities and other research organisations into new basic technologies that can be commercially exploited.
The programme will cover a broad range of new technologies bringing new industrial techniques, providing new healthcare technology and raising productivity.
New technologies will be developed in areas including superconductivity, nanotechnology, data storage, photonics and power electronics.
The government is providing £10 million over the next three years in support of the scheme. Equal funding for the projects will have to be provided by industry.
As well as supporting applied research projects under LINK, additional funding of up to £500,000 per annum will be available to support complementary technology transfer projects and activities designed to increase awareness and uptake of leading edge basic technologies.
Further details about LINK can be found at www.dti.gov.uk/ost/link.