Here at Hemp Architecture Ltd we are very excited to announce a new project which has been awarded Smart funding from the Technology Strategy Board. The Proof of Market award will help us explore the market potential and viability of some of our innovative products and concepts.
The project, due to start in early October, will focus on 3 key aspects; A Review of Markets, Commercial Viability and Viability of In-Situ Materials.
As outlined on the Technology Strategy Board website; a Smart Award 'offers co-funding to UK-based pre-start-ups, start-ups, micro businesses and SMEs, to carry out science, engineering and technology R&D projects which could lead to successful new products, processes and services.' ... 'Smart helps companies assess potential markets, prove concepts and develop prototypes. By reducing financial risk, it aims to encourage SME investment, increase innovation capability, accelerate the commercialisation of new products and services, and contribute to economic growth.'
The Technology Strategy Board is the UK’s innovation agency. Its goal is to accelerate economic growth by stimulating and supporting business-led innovation. Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information please visit www.innovateuk.org