U.K. Government to Co-invest £375m in Breakthrough Tech Firms

Find the Latest SoC Solutions
for... Automotive... IoT... Security... Audio... Video

U.K. Chancellor Rishi Sunak opens scheme to co-invest in breakthrough tech firms raising £30 million or more, including in quantum and other R&D intensive technologies.

www.eetimes.eu, Jul. 22, 2021 – 

The U.K. government this week opened up a scheme to co-invest in R&D intensive breakthrough technology firms, which includes areas like quantum computing as well as clean tech and life sciences.

The aim is to provide a catalyst for firms requiring what is often referred to as patient capital, or longer-term investment. The trend in recent years has seen investors freely backing digital apps, e-commerce and fintech companies simply because the return on investment can be reached much sooner than more R&D and capital-intensive firms, which include areas like the semiconductor industry. As a result, Europe's digital economy has boomed at the expense of more of the cutting-edge technologies which take longer to commercialize and market globally.

Due to high research and development costs, breakthrough technology companies typically require more capital than other companies to fuel the later stages of their growth.

click here to read more...

 Back