This is fantastic news and really is 'the Launchpad' that will kick the project off in 2014. The full Press Release is reproduced below.
Inspiring the next generation of scientists and engineers at EV1000.co.uk
London, UK 18th November 2013: A selection of small and medium sized enterprises in the UK's ‘Motorsport Valley' have been recognised for their competitive edge and potential for growth in the latest initiative to help drive innovation in this cluster.
In all, 15 companies located in Oxfordshire, Northamptonshire and the surrounding counties will receive a total of £1.14m from the
Universities and Science Minister David Willetts said:"The
Among those selected is an engineering company that is developing lightweight fuel cells for automotive vehicles making them more energy efficient and a developer of nanocoatings being used to improve motor vehicle radiator systems by increasing heat transfer, improving cooling, and reducing fouling.
David Bott, Head of Innovation Programmes at the Technology Strategy Board said:"The companies within this cluster, 95 per cent of which are SMEs, represent some of the best producers of high performance engineering technology the
"The Motorsport Valley Launchpad will help to continue this success by providing each company with the necessary support, connections and expert advisors to really drive the commercialisation of their winning innovations."
A vibrant business community with global sales of £7bn and exports of £4bn, the
Chris Aylett, Chief Executive of the MIA said:
The companies will now also benefit from support to develop their businesses and will be showcased to investors in order to access additional funding to enable them to conduct their R&D projects and commercialise the results.