Navy Net - Royal Navy Community

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Press release: MOD brings businesses together for innovative defence ideas

MoD_RSS

War Hero
The Ministry of Defence (MOD) is encouraging small and big businesses to team up to develop innovative ideas for the defence and security of the UK.

A Marketplace event has been hosted in London by the Centre for Defence Enterprise (CDE), part of the MOD’s Defence Science and Technology Laboratory (Dstl).

Opening the event, Minister for Defence Equipment, Support and Technology, Philip Dunne, said:


CDE funds research into novel, high-risk, high-potential-benefit innovations. This Marketplace event aims to get those industry and academic partners who’ve received funding to offer up their ideas and technology to possible investors interested in the defence and security supply chain to help bring them to market.

More than 20 small and medium-sized enterprises (SMEs) backed by CDE had the opportunity to pitch their ideas and early stage products at the Marketplace event to some of the world’s biggest defence companies and investors. Ideas ranged from ways to combat the cyber insider threat to casualty care on the battlefield.

Among those exhibiting was Inova Design Solutions Ltd from Guildford, demonstrating medical monitoring technology to support injured troops on the frontline. Inova’s Chief Executive Officer and Founder, Leon Marsh, says they’ve already received support from private investor group, SETsquared, and now hope to take the technology to the next stage:


The funding and support from 2 CDE contracts has helped us to prove the technical feasibility of our proprietary technology, and establish confirmation of its need by the defence community. This, in turn, is enabling us to raise additional funds and begin commercialising the technology.

Simon Bond, SETsquared Innovation Director, says:


I was pleased to attend and support the Marketplace event. We specialise in growing high-tech start-ups through our incubation programme and other business acceleration services, so it was great to see so many innovative small companies here today. I’m keen to see more successful CDE-funded companies, like Inova, take advantage of the mentoring and access to investors and industry experts that SETsquared can offer.

Also attending the event was Keith Hodgkinson, Deputy Director of Innovation Policy at the Department for Business, Innovation and Skills. He says:


The government has taken steps to improve business support for SMEs to help drive economic growth. It was great to hear first-hand from some innovative SMEs here today who are seeing their businesses grow.

This is the second Marketplace event held by CDE. The first was held on 3 December 2012 as a pilot, at which one of the exhibitors – Flight Applications Ltd, a micro SME based in Surrey – was introduced to MBDA Systems, a multi-national world leader in missiles and missile systems. Flight Applications was then invited to take part in a joint project on cruise missile mission planning.

Graham Wallis, Chief Technologist MBDA Missile Systems said:


When faced with a wide range of potential suppliers to work with, the Centre for Defence Enterprise Marketplace provided an assurance of quality which helped MBDA to identify Flight Applications Ltd as being a suitable participant for the project.

Since CDE was established in 2008 it has received almost 5500 research proposals and funded over 900 of these to a value of £55 million. Around 70% of CDE-funded contracts have gone to SMEs and innovators in academia.


View case studies from the Marketplace exhibitors.

Dstl Media Enquiries


Email [email protected]

Media enquiries 01980 658666

Out of hours 07901 892660

Continue reading...
 
Thread starter Similar threads Forum Replies Date
MoD_RSS Press release: MOD launches £2m fund to counter drones threat MoD News 0
MoD_RSS Press release: MOD Sealand to be innovation hotbed for Defence MoD News 0
MoD_RSS Press release: New building performance standards to save MOD up to 20% MoD News 0
MoD_RSS Press release: MOD confirms the death of Corporal Jonathan Bayliss, Royal Air Force Aerobatic Team (The Red Arrows) MoD News 0
MoD_RSS Press release: MOD DIPR and Ploughshare sign agreement for wider intellectual property... MoD News 0
MoD_RSS Press release: MOD and ASV Global sign agreement for unmanned surface vehicle software MoD News 0
MoD_RSS Press release: MOD buys third record-breaking UAV MoD News 0
MoD_RSS Press release: Defence companies and MOD’s procurement agency ‘failing’ contract regulations MoD News 0
MoD_RSS Press release: Multiple profit rates on contracts could save MOD millions MoD News 0
MoD_RSS Press release: Regulator cuts over £1m from Rolls Royce contract with the MOD MoD News 0
MoD_RSS Press release: Queen's New Year Honours for MOD scientist and engineer MoD News 0
sgtpepperband MOD Press Release: Type 45 Destroyers Diamond Lil's 0
MoD_RSS Statistical press release: Energy Consumption in the UK 2020 MoD News 0
MoD_RSS UK energy statistics: statistical press release - September 2020 MoD News 0
MoD_RSS Statistical press release: Digest of UK Energy Statistics 2020 MoD News 0
MoD_RSS UK energy statistics: statistical press release - June 2020 MoD News 0
MoD_RSS UK energy statistics: statistical press release - March 2020 MoD News 0
MoD_RSS FCO press release: Change of Her Majesty’s Ambassador to Morocco - September 2020 MoD News 0
MoD_RSS FCO press release: Change of British High Commissioner to India - Spring 2020 MoD News 0
MoD_RSS FCO press release: Change of Her Majesty’s Ambassador to the Republic of Niger - March 2020 MoD News 0
MoD_RSS FCO press release: Change of British High Commissioner to Tonga - February 2020 MoD News 0
MoD_RSS Press Release: UKin...Pavia MoD News 0
MoD_RSS UK energy statistics: statistical press release - December 2019 MoD News 0
MoD_RSS UK energy statistics: statistical press release - September 2019 MoD News 0
MoD_RSS Statistical press release: Digest of UK Energy Statistics 2019 MoD News 0
MoD_RSS Press release: Traineeships help young people to access jobs and further study MoD News 0
MoD_RSS Press release: UK House Price Index for April 2019 MoD News 0
MoD_RSS Press release: Insurance fraud lands boss 12-year bankruptcy restrictions MoD News 0
MoD_RSS Press release: Broad new measures to ensure small businesses get paid on time MoD News 0
MoD_RSS Press release: Young engineer Ahmed takes national title MoD News 0
MoD_RSS Press release: PM Theresa May: we will end UK contribution to climate change by 2050 MoD News 0
MoD_RSS Press release: Rural sports clubs, schools and churches to go green thanks to £10 million Clean Energy Fund MoD News 0
MoD_RSS Press release: Thousands of farmers in stewardship agreements to be paid in July MoD News 0
MoD_RSS Press release: UK and Colombia mark new climate partnership with £8.5 million investment MoD News 0
MoD_RSS Press release: Record number of schoolgirls make digital waves but women still under-represented in the cyber security sector MoD News 0
MoD_RSS Press release: Joint Intelligence Committee Chair appointed: Sir Simon Gass MoD News 0
MoD_RSS Press release: UK and Indonesia agree to deepen partnership MoD News 0
MoD_RSS Press release: Big wins for British businesses as Vice Premier Hu Chunhua visits MoD News 0
MoD_RSS Press release: Lord Ahmad visits Bosnia and Herzegovina to mark the UN’s Day for Elimination of Sexual Violence in Conflict MoD News 0
MoD_RSS Press release: UK aid funds world’s biggest educational technology research project MoD News 0
MoD_RSS Press release: New Chair appointed to the Royal Botanic Gardens Kew Board MoD News 0
MoD_RSS Press release: Suppliers of antidepressants accused of illegal anti-competitive conduct MoD News 0
MoD_RSS Press release: Change of Her Majesty’s Ambassador to Sweden - August 2019 MoD News 0
MoD_RSS Press release: New housing statistics show increase in affordable homes MoD News 0
MoD_RSS Press release: Israeli space tech firm hiSky expands to the UK MoD News 0
MoD_RSS Press release: New powers to fine firms that exploit consumer loyalty MoD News 0
MoD_RSS Press release: Review finds family ties 'utterly indispensable' to rehabilitation of female offenders MoD News 0
MoD_RSS Press release: Education Secretary confirms T Level roll-out from September 2020 MoD News 0
MoD_RSS Press release: PM and Chancellor meeting with Chinese Vice Premier Hu: 17 June 2019 MoD News 0
MoD_RSS Press release: £230M boost for British beef as China agrees market access MoD News 0
Similar threads


















































Latest Threads

New Posts

Top