Metrc Launches Funding Scheme To Drive Innovation

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The N8 centre for molecular engineering, METRC, has launched funding designed to help companies to innovate in partnership with universities.

The funds were formally launched at the Nanotechnology: Delivering Innovation conference in Sheffield on Monday 6 February 2012. The conference, supported by the Nano KTN and Materials KTN, also highlighted six successful research and innovation partnerships instigated by METRC between companies and universities.

The funding, entitled the ‘METRC Innovation Awards’, will support new research and innovation projects between industry and N8 universities including Durham, Newcastle and Sheffield, as well as the University of Bradford.  The projects are in the fields of Nanotechnology, Science and Engineering. Any company is able to apply but preference will be given to Small or Medium-sized Enterprises (SMEs).

The first call for applications for METRC Innovation Awards was opened by Prof Tony Ryan OBE, Chair of METRC Management Board.

Prof Ryan commented to the 150-strong audience that “these awards follow a method that METRC has shown works in the last three years. METRC, industry and other public sector bodies invested £5M in 85 collaborative research and innovation projects between companies and academics from 2008-11.  Deloitte estimates that these will contribute by 2021 as much as £93M to the UK economy and create up to 98 new jobs”.

The first call for applications for METRC Innovation Awards closes on 6 April 2012. For more information about the awards and to apply please visit www.metrc.co.uk.