A materials processing specialist has thrown its hat into the ring for some public funding through a competition set up to help growth.
Innovate UK has launched a competition for late-stage experimental development projects to help companies bring recent technology innovations closer to the point of manufacturing readiness under the banner of “Production Line Readiness for High-Value Manufacturing”.
As part of the competition, the Materials Processing Institute is working with customers to help them identify projects they want to undertake, including process improvements, or implementing new technologies.
The Materials Processing Institute, based in Middlesbrough the Tees Valley, is keen to be in the running for a slice of the funding and the Institute’s European and Public Funding co-ordinator Svetlana Poliakova (pictured) is heavily involved in pitching the case for her firm.
She said: “We have extensive expertise in manufacturing developments and I attended this event in search for competition partners and networking.
“As the event was held as a live webinar I took the spontaneous opportunity to present a two-minute pitch about MPI.
“It was overall a very successful day and I came away with lots of new knowledge in public funding and exciting collaboration opportunities for the Institute.”
Innovate UK is to invest up to £1m in the scheme, and follows previous investments in high-value manufacturing feasibility studies and collaborative R&D projects.
They have challenged businesses to address a gap which can arise after a successful high-value manufacturing project.
The competition is open to a single company or to collaborative consortia.
Projects must be led by a company and organisers expect them to range in size from £200,000 to a maximum of £500,000 in total costs.
Svetlana added: “We meet all of the criteria set out by Innovate UK, so hopefully the information we have put forward so far will stand us in good stead when the panel consider all of the applications.”