Chancellor George Osborne has announced a £185m budget increase for the Technology Strategy Board to build on existing support programmes and support economic growth.
The funding will see established, successful business support programmes benefit from the budget increase and new programmes are set to be developed. Areas set to benefit include the Biomedical Catalyst, additional support for innovations in energy and biotechnology and the network of Catapult centres. Universities and Science Minister David Willetts said: “The increase in funding…
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