IET, MTC seek chemical SMEs for R&D programme

Article by Staff Writer

THE Institution of Engineering and Technology (IET) and the Manufacturing Technology Centre (MTC) have launched a new programme to fund a chemical SME for innovations that could solve healthcare challenges.

The Horizontal Innovation Programme will give up to £35,000 (US$46,000) to a UK chemical SME to support the research and development of a product or technology which could solve a real-life issue in the NHS for patient care, as widely varied as rapid blood testing following chest pains, or using hybrid vehicles as ambulances.

As well as the funding, the successful applicant will have the chance to work with MTC’s engineers and have access to its flexible factory facilities, with advanced manufacturing equipment. MTC will also provide support in business planning, product design and IP protection.

“The UK is renowned across the world for creativity and innovation, but we aren’t always so good at commercialising our innovations. This is particularly difficult for SMEs who face barriers and challenges at the product development stage including funding, expertise, business processes and technologies. Through this programme we are offering one lucky SME the opportunity to gain access to highly skilled engineers and some of the world’s most advanced manufacturing equipment, enabling them to develop and commercialise a technology solution on an industrial scale,” said IET president Naomi Climer.

Visit the Horizontal Innovation Programme webpage for more information about the programme and to apply. Applications close on 30 September 2016.

Article by Staff Writer

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