The Yorkshire Innovation Fund (YIF), an £8.2 million regional fund designed to drive economic growth and job creation, has been launched. The YIF will fund innovation and R&D projects between Yorkshire’s Higher Education Institutions and regional SMEs. YIF will run from summer 2013 to July 2015 and is comprised of grants from the European Regional Development Fund (ERDF) and university resources.
The Biorenewables Development Centre (BDC) is a multi-million pound initiative to provide industry with new processes to convert plants and biowastes into products. These renewable raw materials will be needed for manufacture of high value chemicals, materials and fuels as industry makes the transition to a low carbon, bio-based economy.
The Business Innovation Gateway (BIG) is excited to launch its new website to support additional services dedicated to helping northeast-based businesses access cutting edge support and technology: www.bignetpark.com
The Technology Strategy Board is to invest up to £5m in feasibility projects and collaborative research and development to accelerate the development of new ways of designing, improving and manufacturing complex high-value formulated products in sectors such as pharmaceuticals, cosmetics, detergents, food, agrochemicals, paints, adhesives, lubricants and formulated process chemicals. A further £1m is available for collaborative research and development from the Engineering and Physical Sciences Research Council (EPSRC)