£8 million available to re-imagine the High Street

February 12, 2014 8:27 am

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The Technology Strategy Board has announced it is to invest up to £8million in a competition to encourage new ways of attracting people back to UK high streets.   This competition seeks to develop new technology-enabled solutions that can address the challenges facing the high street by exploring innovative approaches to retailing, service provision, logistics and travel management.

Up to £2 million is available for feasibility studies in phase 1 of the competition and up to a further £6 million is available in a second phase to further develop successful phase 1 projects. The competitions are open to all organisations that can demonstrate a route to market for their solution. Successful organisations will attract a 100% funded development contract of up to £10,000 in phase 1, and up to £1.2 million in phase 2. It is expected that phase 1 projects will last six months and phase 2 projects to last 24 months.

The deadline for registration is noon on the 26th February 2014 and the deadline for applications for phase 1 of the competition is noon on the 5th March 2014.  Further information can be found on the Technology Strategy Board’s website (this link is now closed).

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