Transport iNet encourages regional rail contacts to enter funding competition

Jonathan Walters  -  Nov 25, 2011  -  Comments Off on Transport iNet encourages regional rail contacts to enter funding competition

The Transport innovation Network (iNet) through ERDF, is supporting the launch of the Technology Strategy Board and the Rail Safety Standard Board’s ‘Accelerating innovation in rail competition’ by encouraging its contacts across all sectors to submit applications..

The competition which opens on 7th November is looking for innovative solutions to current industry challenges. It offers the chance for successful proposals to secure up to 50% of public funding.

John Frodsham, Transport iNet Director said: “The Transport iNet has been working to encourage innovation since 2009 and this competition is an excellent opportunity for businesses not already engaged in rail  to highlight their capabilities  and bring  ideas closer to market. The rail industry is facing many challenges in the current economic climate so this is a vital push for businesses that have unique solutions in areas such as emissions reduction or operational efficiency.

“We want to see the East Midlands represented in this competition so we’re encouraging our contacts and SMEs from across the region to register their interest.”

‘Accelerating innovation in rail’ is an open competition. Proposals must be collaborative and clearly present the benefit to businesses in UK rail. The total cost of the proposed projects is expected to  be between £200,000 and £1 million. Further information is available at https://ktn.innovateuk.org/web/accelerating-innovation-in-rail-consortia-building. Registration must be completed by 7th December.

The Transport iNet, located at the Systems Engineering Innovation Centre (SEIC) on Loughborough University campus, is funded by the European Regional Development Fund (ERDF).

The aim of Transport iNet is to increase the level of innovation in the East Midlands helping to improve business competitiveness, margins, sustainability and growth. It allows individual sectors to work together, share ideas, technologies, intelligence, innovation and create a link between industry and the academic community.

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