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Accelerated Supply Chain Development Competitions

Tuesday, 10 September 2019

IUK Announces Driving the Electric Revolution: Accelerated Supply Chain Development Competitions

UK businesses, collaborating with other businesses or research organisations, can apply funding to carry out collaborative projects that develop supply chains for power electronics, machines and drives in the UK.
Innovate UK (IUK) is to invest up to £19 million, across two competition strands, in innovation projects to support the creation, development and scale-up of supply chains in power electronics, machines and drives (PEMD) in the UK.

The aim is to support the transition towards a low carbon future in transport, energy and industry. IUK is looking for supply chain projects focused on addressing clear and immediate commercial opportunities in PEMD within the following seven sectors:
  1. Aerospace
  2. Automotive
  3. Energy (generation and distribution)
  4. Industrial (production equipment, robots to lighting)
  5. Marine
  6. Off highway (construction, agriculture equipment)
  7. Rail
There are two competition strands open to applications:
  1. Strand 1: for projects with total eligible costs between £1 million and £3 million.
  2. Strand 2: for projects with total eligible costs between £250,000 and £1 million.

IUK is looking to fund a portfolio of projects, across a variety of process technologies and markets. IUK will fund industrial research and experimental development projects.

To lead a project, an organisation must be a UK registered business of any size. It should collaborate with other businesses, research organisations, public sector organisations or charities and carry out the project in the UK.

Both competition strands open on 29 July 2019, with a closing date for submission of applications of 25 September 2019.

News Article From: Kirklees 4 Business | Open 4 Business

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