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Metro Mayor announces £1m Boost for innovative local businesses
Metro Mayor Steve Rotheram has awarded the first £1m of funding from the Future Innovation Fund to 14 local SMEs who have shown an ability to innovate and adapt in the face of the Coronavirus.
Among those awarded funding are a company that has developed a mobile robotic scientist, a fin-tech company developing a carbon offsetting product and a company that will help other businesses reduce the risk of Coronavirus spreading on their premises.
Launched by the Mayor in mid-June, the £3m Future Innovation Fund is providing grants to support SMEs that are continuing to innovate in the changed business environment created by COVID-19.
The first wave of funding was significantly oversubscribed, with 236 applications bidding for just over £1m. Future funding rounds will be announced shortly.
As part of Building Back Better, the Liverpool City Region’s economic recovery plan, the Mayor has recently requested £20m of funding from Government to expand the scheme in future.
Metro Mayor, Steve Rotheram, said:
Andy Cooper, CEO, at Mobotics, one of the successful applicants, said:
Hannah Thomas, operations manager at Perfectus Biomed, which also received funding, said:
The 14 successful applicants and their product descriptions are:
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