More than 2,000 UK technology companies have bid for small grants to fund proof of concept projects, in a competition organised by the Technology Strategy Board (TSB). As a result more than 180 small and medium-sized companies have won funding to carry out 153 feasibility studies in areas such as advanced materials, biosciences, information technology and nanotechnology.
These are short, sharp cash injections. Each project is receiving up to £25,000 with the work due to be completed within about three months. A further 31 feasibility studies in the field of regenerative medicine will receive up to £100,000 each for studies taking up to six months.
Original Article: Science|Business UK SMEs line up for short-term technology funding
Author: Science Business
