Looking at the ideas brought to the project to support the recovery and decarbonization of COVID-19, creative start-ups given a million shares to benefit previous winners of financing, Includes companies that have developed new satellite antennas that provide reliable high-speed broadband to rail travel
Innovative transportation start-ups focused on decarbonization or COVID-19 recovery will bid for more than 1 million (1,010,000) shares in Ministry of Transport funding from today (September 14, 2020) can do.
The Transportation Technology Research and Innovation Grant (T-TRIG), now funded for the 11th time, is open to entrepreneurs and innovators who are exploring new ways to build better transportation systems. More than 60% of the grants so far have been given to SMEs and 30% to universities.
T-TRIG brings together talented start-ups and policy makers early in innovation to issue up to 30,000 targeted investments per project, allowing emerging entrepreneurs and scholars to bring their ideas to market faster. The purpose is to sell.
Transport Minister Rachel McLean said:
As we continue to greenprint the transport recovery from COVID-19, it is imperative to work with cutting-edge technology start-ups to support more sustainable construction, and the launch of today’s competition is That’s exactly what it does.
As a result, supporting innovation is a priority of the government as we strive to resume safe travel while at the same time solving the complex challenge of decarbonizing transportation.
Over the past five years, the government has contributed 5.4 million to over 170 technology and innovation projects through T-TRIG, winning successful candidates such as Wayfindr and Infinict. Wayfindr was able to use Bluetooth-enabled beacons and smartphones to develop systems that help visually impaired people move through towns and cities. Funded by T-TRIG in 2017, Infinict has significantly improved the passenger experience by developing a new satellite antenna that provides reliable high-speed broadband to rail travel.
Investment from this fund is often a precursor to financing from private investors, with more than 25 million additional investments, primarily from the private sector, funded by successful projects since the inception of the scheme. Is secured.
George Goussetis, Infinect’s Chief Investigator, said:
In addition to providing resources, T-TRIG has given us the reliability and confidence to focus on using satellite technology to address the needs of the rail sector. This has also led to further funding success supporting technical and commercial development, and we are very excited to be part of an ecosystem that is now trying to solve tomorrow’s problems with tomorrow’s technology. ..
T-TRIG 2020 was announced at a roundtable conference held by Transport Minister Rachel Maclean. We asked them about the challenges facing SMEs today in commercializing new technologies, products, and services. The SMEs involved have also met with senior government representatives and policy makers who are actively investing to help the UK economy prosper by supporting our community.
The Minister also announced at a roundtable another 500,000 competition to fund the development of products or services that improve the ability of persons with disabilities to use transportation networks. The bid for the Accessibility Technology Research and Innovation Grant (A-TRIG) will be open until the end of November.
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