EU-backed Marine-i initiative has made up to £500,000 available for Cornish-based businesses to develop innovative marine data technologies and applications.
Projects of all sizes are encouraged but it is anticipated that businesses will request funding support of between £20,000 and £50,000 from the funding call, Marine-i informed.
To be eligible for funding, companies must base their funded activity in Cornwall, which also must create a benefit for its, and the economy of the Isles of Scilly.
Project proposals must be submitted by midnight on November 16, 2018, according to Marine-i – a program set up to help foster innovation in the marine industry in Cornwall.
Lars Johanning, Professor at the University of Exeter, and lead partner within Marine-i, said: “As the maritime industry moves to make better and more productive use of its data, this represents an exciting growth opportunity for local technology businesses and marine supply chain companies.
“It is intended that this grant support will lead to new technologies which will reduce costs, create more advanced surveillance systems, and improve the accuracy of offshore monitoring.”