Energy SMEs tempted to diversify with £35,000 prize
A new innovation competition has been launched to promote the adaptation of energy technologies for health sector applications.
23rd August 2016 by Networks
The scheme was announced today by the Institution of Engineering and Technology (IET) and the Manufacturing Technology Centre (MTC), part of the Advanced Manufacturing Catapult. It forms part of a wider “horizontal innovation” agenda which was initiated by the IET last year.
IET and MTC will award £35,000 worth of support to one small or medium sized (SME) energy technology company which can prove that it’s products and experience could help solve healthcare challenges. Applicants have been asked to particularly address NHS challenges in the UK.
Naomi Climer, IET President, said: “The UK is renowned across the world for creativity and innovation, but we aren’t always so good at commercialising our innovations. This is particularly difficult for SMEs who face barriers and challenges at the product development stage including funding, expertise, business processes and technologies.
“Through this programme we are offering one lucky SME the opportunity to gain access to highly skilled engineers and some of the world’s most advanced manufacturing equipment, enabling them to develop and commercialise a technology solution on an industrial scale.”
The selected applicant will have access to the MTC’s flexible factory capabilities, as well as receiving support in business planning, product design, IP protection and engineering expertise.
For more information, visit www.theiet.org/hi-sme. Entries must be received by 30 September 2016.
Login on register to comment
The future for vegetation management
Why networks should focus on data not trees to overcome the costly challenges involved in vegetation management
An unprecedented opportunity for change
Why short interruptions will matter in RIIO-ED2 and how to address them.
Funding for SSEN electric vehicle scheme
Innovation initiative will bring forward portable EV charging devices
Related supplier content
Load patterns and lockdown: how Covid-19 is impacting electricity networks
Insights into dynamics on the low voltage network as the outbreak unfolds
Protect electrical equipment from insulation failure
Insulation faults are a major cause leading to the eventual failure of electrical equipment. Partial discharge (PD) is a very reliable indicator of developing insulation faults. Regular PD testing allows users to detect and analyze PD activity
How E.ON. is helping the City of London become a zero emissions city
Discover Citigen. Deep in the heart of our bustling capital