£9.4m boost for UK businesses that pioneer rail innovations
The government has announced a multi-million pound fund for firms that can use new technologies to improve rail services.
£9.4m has been made available by the Department for Transport for businesses who can demonstrate how new technologies could improve existing rail services for passengers and operators.
Funding for this ‘first of a kind’ competition is under the Small Business Research Initiative (SBRI) and managed by Innovate UK, part of UK Research and Innovation.
Eligible projects should focus on one of four themes: environmental sustainability, customer experience, railway operations and optimised and cost-effective maintenance.
It is expected that projects will be awarded contracts of between £100k and £400k.
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