The TSB is launching a new competition encouraging companies to re-evaluate/redesign their products, components and/or services with materials that can be reused. The competition aims to help establish the ‘circular economy’ where materials are cyclically retained in the economy, rather than going to waste.
The competition will be for business-led UK projects which are able to marry market opportunity with environmental benefit.
“Projects must be collaborative, and they must be led by a business which offers access to the market for the product or service involved, i.e. a brand owner or industrial end-user. We are primarily seeking to fund industrial research, with a business partner attracting 50% public funding for their project costs (60% for SMEs). The maximum project value for this competition is £300k. ”
The TSB have recognized that incorporating substitution to use alternative materials into entrants’ approaches can play a key role in generating design solutions to develop the ‘circular economy’.
A briefing Webinar will be held by the TSB on 6 August, 2013. This will showcase the main features of the competition and also explain the application process. Applicants are strongly advised to take part.
For thorough information on the competition click here.
To register for the webinar click here.
Programme: Collaborative R&D
Award: Up to £300k per project
Opens: 29 Jul 2013
Registration closes: 04 Sep 2013
Closes: 11 Sep 2013