Innovate UK pledges £3m for business technology innovation

Businesses can apply for a share of £3 million for feasibility studies into technology projects across four key areas identified as driving future economic growth in the UK.

Advanced materials, biosciences, electronics, sensors and photonics and information and communication technology have been identified as the four areas set to underpin the development of high-value products and services across the industrial sectors.

Innovate UK has up to £3m available for feasibility studies led by small or micro businesses into innovative projects in all four areas.

Studies can be carried out into a range of new products and services, from lightweight materials and nanotechnologies to biological products, sensor systems, power electronics, use of data and improved computing experiences.

The competition, which opens from 18th May, is open to businesses of any size. Deadline for registration is noon on 2nd September 2015, ahead of which a briefing event will be held in London on 20th May

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