Collaborative R&D is a primary delivery mechanism of the Technology Strategy. It is designed to assist the industrial and research communities to work together on R&D projects in strategically important areas of science, engineering and technology - from which successful new products, processes and services can emerge. Regular competitions for funding of Collaborative R&D projects have been held since 2004, and by June 2007 a portfolio of over 600 projects was being supported with a combined business and Government investment in excess of £900 million. In the past year the scope of the Collaborative R&D competitions has been expanded to support large projects as well as smaller projects approved within faster timescales.
The Technology Strategy Board has identified six Key Technology Areas, priorities identified through consultation with business, which help set the priorities for Collaborative R&D and develop a longer lead-time for future competitions.
The Key Technology Areas are:
Collaborative R&D is managed through a dedicated website, which includes a searchable database of current projects and guidance on the funding application process.