(PRWeb UK) February 12, 2011
As part of its £18m Collaboration across Digital Industries initiative, the Technology Strategy Board is to invest up to £5.8m in research that will help to create sustainable digital value chains.
The investment is intended to support companies that address systemic challenges, where business opportunities are impeded by ineffective or dysfunctional digital value chains. Successful collaborators will be able to demonstrate how their proposed activity improves or creates new value chains and networks, and shows where value is to be created from information, content and services. The competition aims to help and encourage companies to collaborate across different sectors to
create new business opportunities
A ‘digital value chain’ typically starts with content or services from any sector being produced and distributed via an information infrastructure, such as the internet. Information may be modified or tailored to suit end user needs and assist the delivery of a physical product or service. Creating a sustainable value chain ensures that everyone who has contributed to a service sees an appropriate share of the revenue.
The two-stage competition opens on 14 March 2011 and compulsory expressions of interest must be submitted by 20 April 2011. After assessment, selected applicants will be invited to submit a full application. The deadline for submission of second-stage applications is 6 July 2011.
For further information about the Collaboration across Digital Industries: Creating Sustainable Value Chains funding competition please visit: http://www.innovateuk.org/content/competition/collaboration-across-digital-industries-creating-s.ashx