As announced in the spring budget an initial investment from the brand new Industrial Strategy Challenge Fund (ISCF) of £270 million will be made in 2017 to 2018.
This new wave of funding will kick start the development of exciting new disruptive technologies set to transform the economy and business intelligence in the UK.
“The first 3 challenge areas are developing revolutionising battery technology, getting innovative medicines to patients more quickly and developing robots for use in hazardous environments. The UK has scientific expertise in these areas. We have excellent companies ready and willing to translate the technology into business growth across the UK.” – Dr Ruth McKernan OBE, Innovate UK
Moreover, the budget announced plans to build research talent and skills in the UK, this includes an investment of £250 million over the next 4 years.
The Industrial Strategy Challenge Fund will be discussed heavily during Science and Innovation 2017, with key discussions led by Dr Ruth McKernan from Innovate UK. Register now.
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