A final call has been made to businesses interested in developing the next generation of innovations in car design, with a focus on supporting new technologies to help reduce emissions.
The Advanced Propulsion Centre (APC) – a joint venture between the UK government and the automotive industry – is seeking entrants into its latest round of funding as part of the Technology Developer Accelerator Programme (TDAP).
Still time for innovators to take action
Applicants now have until January 15th 2020 to showcase their ideas for new systems, tools and technology that could receive an investment of up to £100,000 if they prove successful in their bid.
TDAP manager Josh Denne commented: “With just a few weeks left until the wave closes, we want to make sure innovators don’t miss out on their opportunity to get the support they need. If you’re an innovator with a great idea – there is still time for you to get in touch.”
Now in its fourth instalment (or wave), the scheme will operate in a phased format over 18 months and help technology developers to move their ideas from concept to fully-fledged products ready for launch.
It will support innovators in the refinement of their concepts and designs, as well as facilitating potential routes to market to ensure these innovative new technologies are made use of right across the automotive sector.
The power of investment for start-ups
One firm to have benefited greatly by its involvement in the TDAP to date is previous winning applicant FeTu.
The company took part in Wave One of the initiative and its plans to develop a novel ‘roticulating’ combustion engine saw the gift of thousands of pounds of investment, as well as expert guidance.
Due to complications around the initial project, however, a shift in focus was undertaken and the firm has now successfully created an innovative oil-free compressor instead.
Jon Fenton, managing director at FeTu, stated: “To a start-up organisation, operating in this sector, the TDAP process is custom-made.
“It has supported us through both technical development and securing our intellectual property, but also thanks to the APC’s endorsement of our technology it has opened the door to capital investment.”
Established in 2013, the APC successfully helped hundreds of businesses to thrive and develop their ideas. Moving forward, a commitment has been made by the government and its industry partners to provide a further £1 billion of investment into new products, technologies and innovations over the next ten years.
Jenny Smith, general manager for Tele-Gence, commented: “The UK automotive industry is always on the lookout for the next groundbreaking innovation that will help in the drive to develop cleaner, greener vehicles in the years ahead. As such, some fantastic new products have come out of the TDAP to date and more are expected in this latest wave of funding.”
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Posted on 23rd December 2019
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