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Mocean Energy Directs New Funds to Commercialization of Wave Energy Technology

By |November 14th, 2023|

Mocean Energy, a Scottish wave company, has secured €2.5 million in new equity. This funding, along with €572,000 in grant funding, will be directed towards driving the commercialization of its wave energy technologies. The new funds will help the Edinburgh and Aberdeen-based company commercialize and secure first orders for their wave energy technology, Blue Star, [...]

Locit Achieves Carbon Neutrality in a UK First

By |November 14th, 2023|

Locit Limited has made history in their Deeside-based manufacturing site. The company is the first in the UK - possible in the world - to achieve complete carbon neutrality in their steel locker manufacturing. “We have achieved a UK first- and potentially a world first – for our sector using digital manufacturing techniques which put [...]

Unwasted Brings Neverwaste™ R&D Facility to Deeside

By |November 14th, 2023|

Unwasted Ltd, creators of Neverwaste™, has selected Deeside as the location for their new global R&D centre. The centre will focus on the development of recycled panel boards. Neverwaste™ is the world’s first high performance panel board made entirely from waste, achieving an economic and scalable platform. The patented material is made from waste cardboard [...]

HMRC Releases Guidelines of Compliance to Address Misunderstandings with R&D Tax Credit

By |November 14th, 2023|

HMRC has recently released some guidelines to help companies understand what is considered R&D for the R&D tax credit. The Guidelines for Compliance (GfC) are designed to assist companies as they determine if their work qualifies as R&D for tax purposes and to avoid common mistakes. HMRC has been cracking down on R&D tax claims, [...]

Ocula Technologies Tops Up AI Research with £11M in Funding

By |November 14th, 2023|

Belfast-based Ocula Technologies LTD has announced a new investment of £11 million in research and development of AI technologies.  The company has made a few announcements recently showcasing their growth and plans for the future, including plans to increase their workforce from 10 to 50 within its Software Development Centre by 2026. In addition, their [...]

Daye Launches New Tampons that Test for STIs

By |November 14th, 2023|

Daye Limited is setting a new standard in period care and gynae health. This new standard comes in the form of a newly launched product - a tampon that offers screening for sexually transmitted infections (STIs). The "STI Diagnostic Tampon" uses a polymerase chain reaction (PCR) to test for five STIs - chlamydia, gonorrhoea, trichomonas, [...]

Scottish Bio-Based Manufacturers to Benefit from Launchpad Funding

By |November 14th, 2023|

Scottish Enterprise and Innovate UK are collaborating to deliver a new Launchpad programme. The programme will support businesses in Scotland, specifically in the bio-based manufacturing industry. These businesses have been invited to apply for support packages which may range between £25,000 to £100,000 and £150,000 to £1 million. These are available to small and medium-sized [...]

InterLnkd is Connecting Travel and Retail with £1M in Funding

By |November 14th, 2023|

London-based InterLnkd Ltd. has secured £1 million in a seed funding round led by Vanneck Ltd. The round also saw participation from other angel investors. The company is providing technology enabling travel suppliers to earn revenue by selling fashion, beauty, and other items to travellers using an “intelligent matching engine” which matches products with a [...]

How Merging R&D Schemes May Impact Innovation

By |November 14th, 2023|

The HMRC has previously announced their plans to revamp their existing research and development initiatives by merging the two core schemes. Draft legislation published back in July is bringing the proposed merged scheme ever closer, proposing an implementation date as early as April 1, 2024. The relief currently operates through an SME scheme for small [...]

Welsh SMEs to Receive Support for R&D Projects

By |November 14th, 2023|

Small businesses across large areas of Wales are being offered support with tech research and development from experts at the University of South Wales (USW). CEMET – the Centre of Excellence in Mobile and Emerging Technologies, which is based at USW – has been successful in securing funding to run a project which will support [...]