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News & Features Technology Four small businesses win £100,000 development funding at climax of unique competition

Four small businesses win £100,000 development funding at climax of unique competition

Written by Technology Strategy Board on Monday, 18 October 2010 16:55
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Four innovative small British companies are each to receive £100,000 to help them develop new technologies after they were declared the winners in a unique competition at last week's Innovate10 networking and innovation event in London.

Altrika Limited, Arvia Technology Limited, Bare Conductive Limited and Oxford Photovoltaics Limited were selected as the winners of the Competition for Disruptive Solutions, which was funded and managed by the Technology Strategy Board.

In the energy area, Oxford Photovoltaics will commercialise new solar glazing technology which has the potential to become a dominant solution in the Building Integrated Photovoltaic (BIPV) market.  The glazing technology is printed directly on glass and can be semi-transparent in a wide range of colours.  Bare Conductive, in the digital area, will commercialise a unique skin-safe conductive ink that can be manufactured at a fraction of the cost of existing inks and which has the potential to impact markets ranging from flexible printed electronics to physiology monitoring technologies and sensing interfaces.

The healthcare area winners, Altrika, will develop a donor skin cell spray, available at point of care, to treat paediatric scalds.  This could reduce time to healing and length of hospital stay while also reducing the need for costly secondary interventions arising from contractures.  And Arvia Technology, in the sustainability area, have developed an award winning technology for the destruction of organics in water and wastewater.  The aim of their project is to investigate the disinfection properties of the process for the treatment and reuse of grey water within domestic and industrial applications.

The competition was launched by the Technology Strategy Board in September and 550 businesses submitted two-minute video pitches outlining proposals in one of four themes - energy, digital, healthcare and sustainability.  These were assessed and shortlisted to 15 ideas in each of the four themes, and the companies behind them were invited to make written submissions.  After a further assessment three finalists for each theme were selected and invited to pitch at Innovate10 for the £100,000 funding.

The live pitches took place in front of a panel of expert independent judges - three for each technology area - and the Innovate10 audience acted as the fourth judge.  The two runners-up in each theme received £25,000.

The Technology Strategy Board has an ongoing interest with all of the investments it makes and to maximise the chance of future impact a monitoring team will be appointed to track all 12 of the projects as they progress.

 

About the Technology Strategy Board

The role of the Technology Strategy Board is to stimulate technology-enabled innovation in the areas which offer the greatest scope for boosting UK growth and productivity. We promote, support and invest in technology research, development and commercialisation. We spread knowledge, bringing people together to solve problems or make new advances.

We advise Government on how to remove barriers to innovation and accelerate the exploitation of new technologies. And we work in areas where there is a clear potential business benefit, helping today's emerging technologies become the growth sectors of tomorrow.

Our vision:

For the UK to be a global leader in innovation and a magnet for innovative businesses, who can apply technology rapidly, effectively and sustainably to create wealth and enhance quality of life.

The Technology Strategy Board is an executive non-departmental public body (NDPB), established by the Government in 2007 and sponsored by the Department for Business, Innovation and Skills (BIS).

The activities of the Technology Strategy Board are jointly supported and funded by BIS and other government departments, the devolved administrations, regional development agencies and research councils.

 

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Last modified on Thursday, 21 October 2010 11:44

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