New government funding for green transport tech start-ups: £1 million in government funding is set to benefit tech start-ups with a focus on the decarbonisation of transport.
Part of the Transport-Technology Research and Innovation Grants (T-TRIG) competition, this forms the 11th round of funding which is open to entrepreneurs and innovators pioneering new ways of creating a better transport system.
The fund aims to help entrepreneurs develop their ideas and bring them to market quicker by issuing targeted investments of up to £30,000 for each project.
More than 170 technology and innovation projects over the last five years have benefitted to the tune of £5.4 million through this government programme, including a firm that developed new satellite antenna to provide reliable high-speed broadband to rail journeys.
Rachel Maclean, Transport Minister said: “As we continue to follow our green print for a transport recovery from Covid-19 it is imperative we work with startups at the cutting edge of technology to help us build back more sustainably and today’s competition launch will do exactly that.
“That’s why supporting innovation is a priority for the government, as we start to travel again safely while also seeking to solve the complex challenge of decarbonising transport.”
New government funding for green transport tech start-ups