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Tech Strategy Board plans £400m investment for innovative businesses

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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 Board’s 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). 

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