Technology Strategy Board to launch innovation competition

The Technology Strategy Board will launch a competition in the New Year to invest up to £2m into feasibility studies across a range of areas.

The Feasibility Studies for Technology-Inspired Innovation initiative will focus on the areas of advanced materials, biosciences, electronics, photonics electrical systems, high-value manufacturing, information communications technology and nanotechnology.

Projects may be collaborative or carried out by a single company, but they must be led or undertaken by small or micro companies (with 50 employees or fewer). Lasting for up to three months, the projects can cost up to £33 000 and funding of up to 75 per cent of costs may be available.

The competition opens on 10 January 2011 and closes on 10 February – successful candidates will be informed at the end of February.

Projects will also be presented at the public Collaboration Nation event to be held in autumn 2011.

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