r&d

The government's continuing focus on Silicon Roundabout, which they're dubbingTech City, sees the announcement of a £1m R&D funding competition launching in May.

Backed by the Technology Strategy Board this competition is intended to support small projects, which can then go on to raise further investment, seed capital. As with most TSB funds, this competition requires 50% match funding, but there's a neat difference this time around.

Companies that are successful in winning R&D money from the TSB will then have up to 12 months to approach potential investors to raise the other half of the money, rather than having to have it secured from the get-go.

Update: The full application process and guidance notes are now live.

Monday (4th April) sees the launch of a new R&D grant scheme from the Technology Strategy Board (TSB) for small and medium-sized companies in science, engineering and technology sectors.

Unlike previous TSB schemes which have required organisations to collaborate in order to secure funding, the R&D grants are available to single companies, which must be based in the UK and fit with the EU definition of an SME. 

Three types of grant are available:

The Technology Strategy Board (TSB) has recently announced a new competition of £18m for collaborative technology R&D to support the UK’s digital industry.

To help digital firms successfully enter this competition, the Creative Industries KTN have organised a series of six regional events taking place through-out May and June 2010.

The six Partnering for Innovation events that will take place around the UK, in Newcastle, Manchester, Glasgow, Bristol and London.