David Cameron announces extra £45m funding for “internet of things”

Attending the CeBIT trade fair in Germany, Cameron said an extra ?45m worth of funding will be made available to UK tech companies which are developing internet-connected devices.

The prime minister said: “I see the internet of things as a huge transformative development ? a way of boosting productivity, of keeping us healthier, making transport more efficient, reducing energy needs, tackling climate change.

“These are developments that could allow literally billions of everyday objects to talk to each other over the internet using low-cost, low-power chips.

“Electricity meters that talk to the grid to get you the best deals. Health monitors that keep an eye on your heart rate. Water pipes that warn of a fall in pressure.

“We are on the brink of a new industrial revolution and I want us ? the UK and Germany ? to lead it.”

Cameron is attending the event in Hanover alongside German chancellor Angela Merkel, as Britain is the official partner country of the CeBIT.

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