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Technology Strategy Board to invest £100 million in innovation

TECHNOLOGY STRATEGY BOARD News Release issued by The Government News Network on 8 November 2007

The Secretary of State for Innovation, Universities and Skills, John Denham, announced today that the Technology Strategy Board will invest a further £100m in innovation, and invited businesses to submit proposals for collaborative research and development in innovation and new technology.

Speaking at the Innovate07 conference in London today, John Denham announced a new competition for proposals for collaborative research and development, representing a Government investment, through the Technology Strategy Board, of around £100 million.

The competition, which covers eight technology areas and which will be phased over 6 months, is designed to generate innovative proposals in which businesses work together and with research communities on research and technology projects to deliver successful new products and services.

Proposals with potential applications across several business sectors, which build on links between academic and business research and which involve SMEs would be especially welcome.

The eight technology areas for which submissions are invited are

Phase 1, opening 8 November 2007:

Materials for Energy

High Value Manufacturing

Cell Therapy

Phase 2, opening 19 December 2007:

Low Carbon Energy Technologies

Advanced Lighting, Lasers and Displays

Technologies for Health

Phase 3, opening 30 January 2008:

Gathering Data in Complex Environments

Creative Industries

Notes to Editors

The Technology Strategy Board is a business-led executive non-departmental public body, established by the government. Its mission is to promote and support research into, and development and exploitation of, technology and innovation for the benefit of UK business, in order to increase economic growth and improve the quality of life. It is sponsored by the Department of Innovation, Universities and Skills (DIUS).

The Collaborative Research and Development Programme is investing directly in new and emerging technologies and has been designed to help businesses work with each other or with academic partners to develop technologies that will underpin products and services of the future. Since 2004, the programme has supported over 700 projects across 40 technology areas with a combined business and government investment worth over £1 billion.

For further information please visit http://www.technologyprogramme.org.uk and http://www.dius.gov.uk

Issued by
Nick Sheppard
Media Relations Manager
Technology Strategy Board

Technology Strategy Board
B1, North Star House
North Star Avenue
Swindon SN2 1JF
enquiries@tsb.gov.uk