TSB opens £3M 'Vessel Efficiency 2 - better systems at sea' call
The Technology Strategy Board is to invest up to £3m in collaborative R&D projects to stimulate the development of systems that can reduce emissions and improve efficiency of marine vessels.
The aim of this £3M competition is to build collaboration across the marine and maritime sector, improving the viability of supply chains, ensuring continuity of supply and creating opportunities for smaller businesses.
The TSB are seeking proposals from companies that are targeting the leisure, naval and commercial/merchant marine markets, and that have expertise in voyage performance management and vessel system technologies.
Proposals must be collaborative and business-led. They expect to fund industrial research projects, in which a business partner will generally attract up to 50% public funding for their project costs (60% for SMEs).
They expect projects to range in size from total costs of £500k to £1.5m.
This is a two-stage competition that opened for applicants on 6 January 2014. The deadline for all expressions of interest is noon on 5 March 2014.
For further information please visit https://connect.innovateuk.org/web/vessel-efficiency
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