Government offers cash boost for AI and robotics

The £700m Industrial Strategy Challenge Fund will concentrate on six core areas

The government's Industrial Strategy Challenge Fund has launched today, inviting businesses and researchers to apply for funding to boost the UK's digital and technology economy.

There are six key areas the first stage of the fund will address, including developing new battery technologies for electric cars, robotics and AI systems that can be used for "extreme" environments, innovative technologies to help patients access new drugs and treatments faster, driverless car AI tech, aerospace materials and a satellite test facility.

Advertisement - Article continues below

Overall, there's almost 700 million up for grabs, with the money split into each discipline according to the urgency and importance to the UK's economy. For example, the lion's share will go towards the Faraday Challenge, which invites businesses to develop and test batteries that can be used in cars to promote a low-carbon emission economy.

"The Industrial Strategy Challenge Fund will target areas that are crucial to the economic and societal future of the UK," said Professor Philip Nelson, chair of the research councils and EPSRC chief executive.

"It will help research and innovation to thrive and open up new possibilities for the country," he added. "We can lead the world in developing science that underpins new technologies and their applications. The Research Councils and Innovate UK will be working closely to bring about advances in all the first six areas."

Advertisement
Advertisement - Article continues below

Ruth McKernan, chief executive of Innovate UK added that it has already seen a great amount of interest from UK companies to apply for funding because businesses understand the importance of generating new ideas and innovations in the UK.

"I am therefore delighted that our first competitions for businesses are launched this week for the development of robotics and artificial intelligence systems that can be deployed in extreme environments," she added.

Featured Resources

Preparing for long-term remote working after COVID-19

Learn how to safely and securely enable your remote workforce

Download now

Cloud vs on-premise storage: What’s right for you?

Key considerations driving document storage decisions for businesses

Download now

Staying ahead of the game in the world of data

Create successful marketing campaigns by understanding your customers better

Download now

Transforming productivity

Solutions that facilitate work at full speed

Download now
Advertisement

Most Popular

Visit/business/business-operations/356395/nvidia-overtakes-intel-as-most-valuable-us-chipmaker
Business operations

Nvidia overtakes Intel as most valuable US chipmaker

9 Jul 2020
Visit/laptops/29190/how-to-find-ram-speed-size-and-type
Laptops

How to find RAM speed, size and type

24 Jun 2020
Visit/mobile/google-android/356373/over-2-dozen-additional-android-apps-found-stealing-user-data
Google Android

Over two dozen Android apps found stealing user data

7 Jul 2020