Government announces investment in UK plastic electronics sector
01 July 2010
Science minister, David Willetts (pictured) has announced a GBP8.4m investment in Plastic Electronics. Thirteen businesses have been successful in winning the funding via two competitions run by the Technology Strategy Board. The investment will fund research and development into Plastic Electronics technology, which is expected to lead to the creation of new and next generation products, such as flexible displays, and low-carbon technologies, including ultra-efficient lighting, and low-cost long-life solar cells.
Eight companies have been awarded a total of £7.4 million to help build the supply chain and overcome some of the barriers businesses face in taking new and innovative products to market. Just under £1m of this total comes from the Engineering and Physical Sciences Research Council (EPSRC).
Another five companies share around £1 million that will fund the roll out of projects to help encourage UK businesses to adopt the new technology in their product development.
The Minister made the announcement this afternoon (Thursday July 1) at 'Tomorrow’s Giants' a conference hosted by the Royal Society and Nature at Southbank Centre in London. This event is part of See Further: The Festival of Science + Arts at the centre to celebrate 350 years of the Royal Society.
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