New test bed fund launched for UK innovators
A new test-bed fund to help companies trial innovation prototypes in live business environments has been launched in Peterborough – and companies from the Cambridge technology cluster and elsewhere in the UK can use the facility remotely.
The move, in an initiative branded Peterborough DNA, is part of the city’s Future Cities status, backed by the Technology Strategy Board.
Peterborough DNA is about growth, innovation and sustainability and developing & testing ideas for a smarter city.
TSB, the Government’s innovation agency, ran a UK-wide competition awarding money to cities to develop and test innovative ideas to shape smarter and more sustainable places.
Peterborough was awarded second place with a prize of £3 million. The Peterborough DNA programme was then created to implement ideas put forward. Trialling innovations in real working environments is an invaluable way to help improve prototypes and build the business case needed to take ideas to market.
Funding is now available to support businesses to trial products, technologies, services or solutions. In particular, innovations that help SMEs operate more effectively are being sought.
While all the test-bedding will be carried out with companies in Fengate, Peterborough innovators can come from anywhere in the UK.
There is an application process for any business interested in the Test-Bed Fund which covers the costs associated with installing a prototype in a business for testing.
This is a rolling fund and there are no specific deadlines for applications. Find out more by emailing: Cecile.Faraud [at] peterborough.gov.uk
The programme is being delivered by Opportunity Peterborough and Peterborough City Council – see www.peterboroughdna.com