TSB: Technology Inspired Innovation

The Technology Strategy Board is to invest up to £15m in collaborative research and development projects that stimulate innovation across key enabling technology areas – advanced materials; biosciences; electronics, photonics and electrical systems; information and communications technology; and nanoscale technologies. This competition is co-funded by Scottish Enterprise with up to £2.75m of additional funding. Focus is on projects where recent technological discoveries or breakthroughs have inspired people to innovate in a context of significant technology risk, or have led to ideas that are yet to find applications in a recognised market or business sector. Innovation in these key enabling technology areas can be a significant driver of economic growth and enhance quality of life. Proposals should be collaborative and led by a business. TSB expect to invest between £250k and £500k in each project, although projects outside this range will be considered. TSB are primarily looking to fund applied research projects attracting 50% public funding.