The Technology Strategy Board (TSB) is to invest up to £4.5m in collaborative research and development that addresses the technical challenges and business opportunities presented by the huge growth in data.
Proposals must be collaborative and business-led and include at least one small or medium-sized enterprise (SME).
“This is a very exciting opportunity for commercial organisations to capitalise on the Government’s investment in Big Data“, says Select CEO Steve Brooks. “As an SME we’re able to partner with larger organisations and use our statistical skills to find innovative new ways to make better use of Big Data with the Government picking up 50% of the costs.”
The funding competition focuses on innovations in the data exploration techniques of analytics, modelling and visualisation to generate new insight and value from large amounts of complex data. Most projects will be between £100k to £500k and last from 6 to 24 months, though larger projects will be considered.
The deadline for registration is at noon on 26th February 2014 and the deadline for applications is at noon on 5th March 2014. Full details can be found on the TSB web site.