Latest Oil and Gas Sector Funding Opportunities
The Technology Strategy Board (TSB) has recently announced the launch of a new funding competition for the development of innovation in the oil and gas sector. Fundable projects will be short term feasibility studies in one of the following technology areas: Increasing recovery efficiencies and improving asset integrity and extending life of offshore installations. Projects must be collaborative between a minimum of two organisations either from industry or academia, but be industry led, and last for between 6 and 12 months.
Other funding schemes that may be of interest include:
For SME’s based in Scotland wishing to pursue innovative product/process development, SMART grants are available with a maximum grant of £600k for projects up to three years in duration. For non-Scottish UK SME’s, UK SMART grants are available with up to £250k of grant for projects up to two years in duration.
If you or anyone in your network has a development project to undertake and funding is something you would be interested in pursuing we would be happy to discuss how TBAT Innovation can assist you through the application process.
Over £4.5million in grant funding secured over the past 12 months
TBAT Innovation assists clients in developing and writing grant funding applications. Over the last 12 months it has secured over £4.5million in grant funding for businesses undertaking research and development across a variety of industry sectors.
Example recent projects include:
• Oil & Gas Niche Pump Product Development - £250,000 grant funding secured
• Renewable Energy Technology Prototyping - £250,000 grant funding secured
• Medical Device Development - £97,000 grant funding secured
• Rail Vehicle Energy Management System - £250,000 grant funding secured
• 3D Offshore Positioning Solution - £210,000 grant funding secured