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Jun 5th, 2012
UK funds business-led photonics projects
Coherent Scotland and M-Squared Lasers among recipients of grants for projects designed to create new commercial products and processes.
Photonics companies in Scotland and Cambridge are the among the recipients of grants in a total £20 million round of project funding in the UK that is aimed at developing new commercial products. Ten of the 40 projects being supported through the Technology Strategy Board’s “Technology Inspired Innovation” competition for collaborative research and development relate to optics and photonics. As well as the TSB, the projects are supported by Scottish Enterprise and the Biotechnology and Biological Sciences Research Council (BBSRC). The awards demonstrate a recognition of the need to aid companies and universities as they seek to turn a promising piece of research into economic benefit for the country, bridging the so-called “valley of death”. TSB chief executive Iain Gray said in the TSB’s statement on the funding round: “The aim of these funding competitions is to stimulate projects inspired by new discoveries and breakthroughs, including ideas that are yet to find specific applications in a recognized market or business sector.”
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