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☆ How R&D Funding Is Making the UK a Global Leader in Science
▼ + stars: | 2024-04-17 | by ( Sponsor Post | ) www.businessinsider.com time to read: +8 min

Exscientia's growth was bolstered by government support: The company didn't take venture funding until 2019. Exscientia wouldn't be where it was, Taylor said, without the support of the UK higher education system and government funding. Martin Tangney, the chief scientific officer of Edinburgh-based Celtic Renewables, said the £11 million of funding his company received in 2015 from the UK government was "pivotal." Advertisement"We really believe … [that] basically, soon all drugs are going to be created with AI," Taylor said. AdvertisementClick here to find out more about how your business can benefit from Research & Development in the UK.

Persons: Ben Taylor, Achilles, Taylor, —, We've, Smith, Nephew, we've, Martin Tangney, isn't, ABE, you've, Tangney Organizations: Nasdaq, University of Dundee, AstraZeneca, COVID, Celtic Renewables, biosciences, Department for Science, Innovation & Technology, Edinburgh Napier University, Government, Renewables, Research & Development, Insider Studios, UK's Department for Business & Trade, Innovation, Technology Locations: Oxford, UK, Edinburgh, Scotland, Ireland, Japan, America, India, Grangemouth

☆ Here's how the project to develop one tractor might revolutionize the farming and automotive industries in the UK
▼ + stars: | 2024-03-26 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

A special cover is used on a farm's waste collection areas (known as slurry lagoons) to catch methane emissions that would otherwise escape into the air. CNH IndustrialThe potential of the methane tractor extends far beyond the farm. Industry leaders pulled together to work on the projectThe success of the methane tractor project is testament to the power of collaboration. Beyond the agricultural sector, the methane tractor project holds promise for transforming the entire automotive sector. By demonstrating the viability of alternative fuel technologies in heavy-duty vehicles, this initiative paves the way for a more sustainable future in transportation.

Persons: Andrew Damant, CNH, Derek Neilson, Eminox, David Phillips, Neilson Organizations: UK's Department for Business and Trade, Advanced Propulsion Centre, Eminox, Mobile, Automotive Transformation Fund, Advanced, Industry, Insider Studios, UK Department for Business, Trade Locations: Cornwall, Europe, CNH, New Holland

☆ Here's how the UK's aerospace businesses are taking off with the help of government funding
▼ + stars: | 2024-03-25 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

As part of this initiative, the Aerospace Technology Institute program will provide support for R&D projects through 2030. This commitment extends the Aerospace Technology Institute (ATI) program until 2030, which supports mid-stage research and development projects led by industry. Another recipient of the ATI program funding is Vertical Aerospace, the UK's pioneer of electric aviation. Smaller businesses reap the benefits of funding programsA key focus of the program is funding projects by SMEs. The UK's long-term vision for civil aerospace is developed through the Aerospace Growth Partnership (AGP), which is a strategic partnership between the UK government, industry, and academia to secure the future of UK Aerospace.

Persons: Paul Griffiths, Dominic Weeks, ZeroAvia, Stuart Simpson, Simpson, Sylatech, Gordon Gunn, MeltX, Griffiths Organizations: Aerospace Technology Institute, ATI, Aerospace, UK Department for Business, Trade, Dornier, ZeroAvia Investment, Cranfield University, Alloyed, University of Sheffield, Aerospace Growth, UK Aerospace, Farnborough, Manufacturing, Insider Studios, UK's Department for Business Locations: North Yorkshire

☆ The UK is improving productivity through new technologies and industrial digital transformation
▼ + stars: | 2024-03-11 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Following its success, the program has been extended to an additional four English regions with the aim of helping the UK recapture its industrial spirit. In 2017, an independent review board led by Jurgen Maier, then CEO of Siemens UK, made a startling proposal: If UK businesses adopted digital technology at a faster rate, the country's industrial productivity could increase by a remarkable 25%. "Long term, our objective is to boost UK growth and productivity, through increasing innovation and adoption of industrial digital technologies across the whole of manufacturing." "Our ambition is for the UK to be the best place in the world to start and grow a manufacturing business," Clark said. Learn more about how the UK can support your manufacturing business.

Persons: Jurgen Maier, Patrick Mroczak, Adam Hodgkinson, Patrick, Jake Wright, Lusso, Wright, Mackinnon, Saunders, Guillermo del Toro, Oscar, Peter Saunders, We've, Michael Clark, Clark Organizations: Siemens, Nutree, Auto, Netflix, Mackinnon, Manufacturing, UK's Department for Business, Trade, Insider Studios, UK Department for Business Locations: North, England

☆ Counter Strike raked in nearly $1 billion in 2023 by from randomized loot boxes
▼ + stars: | 2024-01-21 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

"Counter Strike" made nearly $1 billion from loot boxes last year. One study found that 71% of the top Steam games in the last decade had loot boxes. AdvertisementWhile their exact mechanics vary from game to game, loot boxes generally work the same: you buy a loot box using in-game currency or real money, and it in turn gives you a randomized reward. The UK's Department for Culture, Media and Sport is still actively examining loot boxes and published a list of 10 rules that developers should follow to "enhance player protection" in July 2023. AdvertisementSome of the recommendations include restricting anyone under 18 from purchasing loot boxes and disclosing the presence of loot boxes in a game prior to purchase and download of the game.

Persons: — Organizations: Regulators, Steam, Service, Daily, The University of York, UK's, UK's Department for Culture, Media, Sport, Entertainment

☆ The first commercial transatlantic flight powered completely by green fuels is in the air, but critics say it's a gimmick and a joke
▼ + stars: | 2023-11-28 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +3 min

Virgin Atlantic is operating the first transatlantic flight on a commercial airliner powered by 100% SAF. But it costs more than double conventional jet fuel, and production is lagging behind demand. Virgin Atlantic is operating the Boeing 787-9 Dreamliner to New York's JFK Airport, where it's expected to arrive around 2 p.m. "And if we didn't prove it can be done, you would never, ever get sustainable aviation fuel." On Monday, Emirates flew the world's first Airbus A380 demonstration flight using 100% SAF.

Persons: it's, Shai Weiss, Sir Richard Branson, There's, Weiss, Critics, Cait Hewitt Organizations: Virgin, SAF, Service, Virgin Atlantic, Boeing, New York's JFK, International Air Transport Association, BBC, Aviation Environment Federation, CNN, Guardian, UK's Department for Transport, Monday, Emirates, Airbus, Gulfstream, Gulfstream G600 Locations: New, Georgia, England

☆ Offshore wind drops out of UK auction on costs, risking climate goals
▼ + stars: | 2023-09-08 | by ( Nora Buli | ) www.reuters.com time to read: +4 min

General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. The result was bad news for Britain's 2050 net zero emissions target, which calls for 50 gigawatts (GW) of offshore wind capacity by 2030 versus around 14 GW now. In a 2022 auction, offshore wind projects were the main recipient of funding, with 7 gigawatts (GW) awarded, but developers did not even bid in the latest auction, the results of which were published on Friday. The lack of new offshore wind capacity would cost consumers 1 billion pounds a year, it added. Bid prices for renewable energy CfDs are expressed in 2012 money, with inflation meaning actual prices are higher.

Persons: Orsted, Phil Noble, Graham Stuart, Ed Miliband, Sweden's Vattenfall, Nora Buli, Miral Fahmy, Jason Neely Organizations: REUTERS, UK's Department for Energy Security, Turbine, Energy, Britain, Labour Party, Conservatives, Thomson Locations: Walney, Blackpool, Britain, OSLO, Oslo

☆ A wealthy Russian businessman claims the UK detained his $50 million superyacht to look 'tough'
▼ + stars: | 2023-07-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A Russian businessman claimed the UK detained his superyacht to look "tough," Bloomberg reported. The $50 million vessel was detained by the UK last March, though its owner hasn't been sanctioned. A wealthy Russian businessman who wasn't featured on any sanctions lists following Russia's invasion of Ukraine has claimed the UK detained his luxury superyacht to look "tough," Bloomberg reported. In late March this year, Naumenko sued the UK's transport department, asking the court to let him move vessel and award him undisclosed damages. He added that Phi's owner was "guilty by association of his passport only" and had "never been connected with anyone" who was sanctioned.

Persons: hasn't, wasn't, hadn't, Sergei Georgievich Naumenko, Vitaly Vasilievich Kochetkov, Naumenko, Grace Dean, Nigel Giffin, Vladimir Putin, Putin's, Jason Pobjoy, Grant Shapps, Phi, Putin, Pobjoy, Shapps, Royal Huisman Organizations: Bloomberg, Morning, Phi, Crime Agency, UK, Financial Times, Motiv Telecom, UK's Department, Transport, Department Locations: Russian, London, Ukraine, Russia, Canary Wharf

☆ A consumer group is calling for stronger action against airlines who cancel flights and fail to give refunds, saying no UK airline has been fined in 20 years
▼ + stars: | 2023-06-30 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

UK airlines should face stricter rules over cancellations and giving refunds, a consumer group says. says 2.3 million people in the UK weren't refunded for flights they couldn't take in the pandemic. But the US just fined British Airways $1.1 million for delaying refunds since the pandemic. is calling for stricter regulation of airlines operating in the UK and stronger fines against them, saying airlines have engaged in 'unlawful' behavior for 20 years. However, in the US BA was fined $1.1 million for unpaid refunds during the pandemic after its Transportation Department received 1,200 complaints about BA delaying refunds, per the release.

Persons: fining, Rocio Concha, Concha Organizations: British Airways, Civil Aviation Authority, CAA, Transportation Department, UK's Department, Transport Locations: EasyJet

☆ Space, Life Science, and Quantum Computing Innovations
▼ + stars: | 2023-02-27 | by ( Sponsor Post | Created Insider Studios With The Uk'S Department For Business | ) www.businessinsider.com time to read: +8 min

According to the Global Innovation Index 2022, global government R&D investment is growing and the UK is ranked fourth for global innovation (and third most innovative economy in Europe). "Space observation is vital for our planet — the UK invests in the European Space Agency and at the Space Cluster at Harwell, a significant science and innovation park." Jo Hawley, deputy director for aerospace, space and automotive at DBT, reported that the UK space sector spent £836 million on R&D in 2021. The company has reported strong growth of its life science research tools business, reflected in the international footprint of its commercial and distribution operations. The Department for Business and Trade can connect you with dedicated, professional assistance to locate R&D investment opportunities and support.

☆ World-first ideas unveiled at MWC 2023 by UK telecoms innovators
▼ + stars: | 2023-02-20 | by ( Sponsor Post | Created Insider Studios With The Uk'S Department For Business | ) www.businessinsider.com time to read: +7 min

At the upcoming Mobile World Congress event in Barcelona, collaboration and convergence will be priorities. MWC is a 'Digital World Congress' that will see more worldwide digital innovation from the UK and across the world." Attocore, recently awarded a grant for accelerating Radio Access Network (RAN) intelligence, sits alongside mobile giants Ericsson and Samsung in advancing the security of UK mobile networks. With 5G networks, an estimated £173 billion of incremental UK GDP will be added to the UK economy by 2030. MWC and scaling UK technologyMobile World Congress is also a great opportunity for big ideas to reach an even bigger audience.

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