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TSB - Government to invest up to 2 Million in UK's small and micro businesses.

The Government is to invest up to £2 Million to stimulate and support technological innovation by the UK’s small and micro businesses.

The Technology Strategy Board www.innovateuk.org aims to stimulate innovation across a range of core technology areas to help ensure that small and micro businesses in the UK are well-equipped to respond to society’s current and future challenges.  Up to £2 million will be invested in feasibility studies through grants of up to £25,000.

The funding competition will focus on feasibility studies in four technology areas:

  • Advanced Materials and Nanoscale Technologies
  • Biosciences
  • Electronics, Photonics and Electrical Systems
  • Information and Communications Technology
     

The competition, which is open only to small and micro sized companies, opens on 12 March 2012 and applications must be submitted by 11 April 2012. A briefing day for potential applicants will be held in London on 20 March 2012.

Click here for further details about the competition and to access the briefing document. 

Published on Tuesday 21 February 2012