Accutronics has received a Smart Award from the UK’s innovation agency, the Technology Strategy Board. The Smart Scheme offers funding to small and medium-sized enterprises to engage in R&D projects in the strategically important areas of science, engineering and technology. The aim is to bring to market successful new products, processes and services. There are three types of grants available: Proof of Market, Proof of Concept and Development of Prototype.
The company received a £100,000 grant to support ‘proof of concept’ work on a battery for the medical device market. The ‘Chameleon’ battery range includes high voltage, high current smart batteries which are designed and certified with the needs of medical OEMs in mind.
“When you work in an SME, you are busy all the time and often feel like you can’t take time off to apply for grants,” said Rob Phillips, managing director at Accutronics. “However, it’s crucial for manufacturers to invest in innovation and make sure they engage in programmes that support those R&D efforts.
“The funding we received from the Technology Strategy Board and their ongoing support has fast tracked our product development strategy for Chameleon. We were able to design and bring a product to market much quicker.”
