TSB funds innovative tidal technologies
Technology Strategy Board
Tidal technology fund
Innovative businesses are being invited by the Technology Strategy Board to compete for up to GBP12m of investment during 2010, to help develop the wave and tidal technologies of the future.
Two collaborative R and D competitions from the board are designed to support innovation that will lead to the cost-effective exploitation of UK and global wave and tidal-stream resources.
The first GBP9m call includes an investment of up to GBP2m from the South West Regional Development Agency (RDA).
The competition opens in March and focuses on driving down the cost of energy and improving the reliability of wave and tidal-stream energy devices.
It is designed to complement a second GBP3m call, due to open in September, that focuses on supporting the deployment of pre-commercial full-scale devices installed and operating in the sea.
The call will focus on monitoring the performance of devices and ensuring that they are reliable and can be installed and maintained effectively.
This is specifically aimed at businesses that are already working towards the full-scale deployment of their technology.
Both competitions are complementary to the Carbon Trust's Marine Renewable Proving Fund.
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