The plan will include the launch of 88 competitions to select and fund the most innovative small companies in the UK.
Among the TSB’s Delivery Plan projects: a new website to match entrepreneurs with investors most relevant to them; the launch of a service to offer advice to entrepreneurs on intellectual property and exporting; and two new?Catapult Centres will be developed for precision medicine and energy systems product development.
TSB will launch a permanent base in Brussels.
Ian Gray, Chief Executive of the Technology Strategy Board, said: “The Delivery Plan raises the Technology Strategy Boards ambitions to a higher level, enhancing support for UK companies through a range of targeted programmes.”
Specifically, they will focus investment on: energy ( £82m),healthcare ( £80m), manufacturing ( £72m), transport ( £70m)And digital technologies ( £42m).