TSB to Invest up to £15m in Collaborative Research and Development

The Technology Strategy Board is to invest up to £15m in collaborative research and development projects that stimulate innovation across our key enabling technology areas – advanced materials; biosciences; electronics, photonics and electrical systems; information and communications technology; and nanoscale technologies.

This competition is co-funded by Scottish Enterprise with up to £2.75m of additional funding. Our focus is on projects where recent technological discoveries or breakthroughs have inspired people to innovate in a context of significant technology risk, or have led to ideas that are yet to find applications in a recognised market or business sector. Innovation in these key enabling technology areas can be a significant driver of economic growth and enhance quality of life.

Proposals should be collaborative and led by a business. The TSB expect to invest between £250k and £500k in each project, although projects outside this range will be considered. They are primarily looking to fund applied research projects attracting 50% public funding.

There are five technology areas in this competition: advanced materials; biosciences; electronics, photonics and electrical systems; information and communications technology; and nanoscale technologies. It is important that you register and enter for the correct technology area as it will affect the scope against which the application is judged and the assessors selected to review your application. Please click on the registration link for the technology area you want to apply for on the right of the page.

This is a two-stage competition. It opens on 31 October 2011 and the deadline for registration is at noon on 30 November, 2011. The second stage for invited applicants opens on 6 February 2012 and the deadline for completed applications is at noon on 21 March 2012.
 A briefing event will be held in London on 10 November 2011.

Find out more on the funding site –  “download the brief”

If you have any questions or need help, please do contact one of our experts >>> Here <<<