The government is to invest up to £2m to stimulate and support technological innovation by the UK’s small and micro businesses.
The Technology Strategy Board www.innovateuk.org aims to stimulate innovation across a range of core technology areas to help ensure that small and micro businesses in the UK are well-equipped to respond to society’s current and future challenges. Up to £2m will be invested in feasibility studies through grants of up to £25,000.
The funding competition will focus on feasibility studies in four technology areas:
Advanced materials and nanoscale technologies
Biosciences
Electronics, photonics and electrical systems
Information and communications technology
The competition, which is open only to small and micro sized companies, opens on 12 March 2012 and applications must be submitted by 11 April 2012.
For further information about the competition please visit: TechInsp competition
Companies looking for partners for their proposed project are encouraged to go to www.innovateuk.org/connect to find collaborators and networks.
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