186 million boost for technologies of the future
Yesterday the government launched a package of investment in the 8 great technologies of the future which will accelerate high-tech progress from the lab to the marketplace.
A package of investment in the 8 great technologies of the future will help drive UK economic growth, Science and Universities Minister David Willetts announced.
In the Mountbatten lecture, hosted by the Institution of Engineering and Technology, David Willetts set out how the UK will tackle some of the greatest challenges of our time, like climate change, energy storage, food production and population growth.
Mr Willetts announced that a £70 million Agri-Tech Catalyst, which will help new agricultural technologies bridge the so-called ‘valley of death’ between the lab and the marketplace, is open for bids. This will support one of the UK’s largest manufacturing sectors, with the entire agri-food supply chains estimated to contribute £96 billion to the UK economy and support more than 450,000 jobs.
This includes £10 million from the Department for International Development to support the transfer of technology and new products to developing countries.
Other funding includes:
- £44 million for 2 projects to monitor crucial ocean currents in the North Atlantic. These currents shape Britain’s climate and weather patterns and this information could help meteorologists better predict the weather
- £10 million for the University of Southampton to build new engineering research facilities and infrastructure
- £34 million investment in a new data research network and 4 administrative data research centres to help the UK get ahead in the global technology race.
Science Minister David Willetts said: “The British scientific and technology revolution is something to be proud of. By investing in these 8 great technologies I firmly believe that the UK race will continue to be at the forefront of the global technology race”.
For more information, visit GOV.UK.