“This is a compelling submission, showing a clear Business Case and Commercial Strategy, a good level of innovation, and a professional approach to Project Management and Risk.”
Assessor 4 // IUK // Smart Grant Application
Introduction – Understanding the Challenges
The two companies met during an online webinar given by Venturenomix in partnership with Innovate UK. Chris and the team at BladeBUG explained the success they had already achieved in securing equity and grant funding – but there was one grant programme (the Smart Grant from Innovate UK) which had consistently eluded them.
Working Together – Solution and Services
The BladeBUG team had a vast amount of content – technical, team, funding and more – along with established partners for this project – Imperial College London and ORE Catapult. All the ingredients were there for the Venturenomix team to work with to develop a compelling application to the IUK Smart Grant. Based on a proven approach, the work began.
The Innovate UK assessors approved the Smart Grant application for funding of £500,000 for the R&D project over 12 months. The BladeBUG engineering team will lead the project with expert Robotics Machine Learning capability from Imperial College London and world-leading turbine testing facilities provided by Offshore Renewable Energy Catapult.
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