Businesses and universities will qualify for grants from the scheme
The Technology Strategy Board is leading a £20 million overall grant fund to develop technology innovation across the UK.
Grant funding totalling more than £18 million, from the Technology Strategy Board, Scottish Enterprise and the Biotechnology and Biological Sciences Research Council (BBSRC) will be invested in more than 40 major business-led collaborative research and development projects.
In addition, more than 80 small and micro businesses from across the country are to receive grants of up to £25,000 each from the Technology Strategy Board to carry out smaller-scale feasibility studies to test out new ideas.
The hope is this will lead to the creation of new products and processes to be used across a variety of different application areas.
More than 120 UK businesses and institutions and 20 universities will share this funding and take part in the research and development projects.
The projects and feasibility studies fall within five key enabling technology areas: advanced materials; biosciences; electronics, photonics and electrical systems; information and communications technology and nanoscale technologies.
The Technology Strategy Board will invest £15 million in 41 of the collaborative R&D projects while Scottish Enterprise has offered support totalling £2.68 million to 12 projects and BBSRC has offered grants to two projects totalling £434,000.
In addition, the Technology Strategy Board will invest £2m in the 82 feasibility studies.
Iain Gray, chief executive of the Technology Strategy Board, said: “The aim of these funding competitions is to stimulate projects inspired by new discoveries and break-throughs, including ideas that are yet to find specific applications in a recognised market or business sector.
“We were delighted with the quality of proposals, are excited about the research work that lies ahead and look forward to seeing the development of some valuable new technology products and processes.”
Paul Lewis, managing director of operations at Scottish Enterprise, added: “Enabling technologies is a sector where Scotland has real competitive advantage, and one which has the potential to drive Scotland’s economy forward.
“This competition has resulted in more successful awards for Scotland than previously, which shows the strength and competitiveness of the sector in Scotland.
“This funding will allow our Scottish companies to continue to invest in their innovation, and bring new commercially-focused products and processes to market more quickly, as well as encouraging collaborative working to develop new supply chains.”
The Technology Strategy Board is the UK’s innovation agency, sponsored by the Department for Business, Innovation and Skills (BIS).
It brings together business, research and the public sector in supporting and accelerating development of innovative products and services.