TSB launches £1 million fund for motorsport R&D

Posted on 6 Jun 2013 by Tim Brown

The Technology Strategy Board is to invest up to £1m in innovative business-led R&D projects in motorsport, high performance engineering, and related technology consultancy centred in the UK’s ‘Motorsport Valley’ cluster.

The Motorsport Industry Association (MIA) is acting as the Technology Strategy Board’s Cluster Champion for this competition.

Up to 60% will be available for eligible for projects with a total cost of between £50k – £200k. The project should support the development and commercialisation of innovative R&D work in line with the MIA’s Motorsport Technology Road Map and which has clear potential for application in adjacent sectors such as automotive, defence and marine as examples.

Projects can last up to 12 months and should be led by micro, small and medium-sized businesses working individually or in collaboration, linked to the Motorsport Valley UK cluster.

A few examples of possible potential technology areas are:

  • more efficient internal combustion engines
  • energy storage and energy management
  • lightweight structures
  • electric powertrains and power electronics

Technology Strategy Board are particularly keen to see collaborative projects involving UK SME motorsport companies partnering with a broad spectrum of related product, vehicle and engineering organisations.

Projects developing a relevant technology, product or leveraging motorsport engineering skills and experience are all eligible for funding – these may range from proof-of-concept towards a prototype and, if appropriate, user demonstration trials.

The competition is being run in two stages:

1. Video proposal – where applicants describe their project idea in a two-minute video.

2. Written proposal – for applicants shortlisted based on their video submission.

Key Dates:

  • 24 June 2013 – Competition opens for registration and video submission
  • 31 July 2013 – Deadline for video submission is noon
  • 3 July 2013 – An information, briefing and networking event at the Jimmy Brown Centre, Silverstone.

To download full details on this competition, please click here

To download the MIA’s Motorsport Technology Road Map, from Ricardo Plc., click here

To visit the website, please click here