Wave Energy Scotland is inviting companies to apply for a share of up to £2.4M for SBRI (Small Business Research Initiative) contracts to develop innovative wave energy convertors, which will provide up to 100% of project costs.
During the first stage of the competition, up to £300,000 per project will be available. Projects that are successful at stage 1 can then seek to compete for funding at stages 2 and 3.
The deadline for applications in noon on 13 August 2015.
Wave Energy Scotland is part of Highlands and Islands Enterprise and was created to provide support and accelerate the technical development of wave energy in Scotland.
The devices should focus on the structure and prime mover that harnesses the energy of the wave.
World-renowned wave energy developers have been drawn to the waters that surround the Highlands and Islands of Scotland as estimates suggest that somewhere around 10% of Europe’s total wave resource flows there.
Ambitious targets have been set by the Scottish Government for electricity generated from wave and tidal resources to contribute to the delivery of securing 100% of Scotland’s electricity demands from renewable sources by 2020.
For further information about this SBRI competition and apply click here
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