Business
TRT wins place on TDAP & £135k Grant
TRT wins place on TDAP & £135k Grant.
About this update from Transense Technologies Plc
[{"type":"text","content":"\n \n \n \n \n \n \n Reach: Non-regulatory announcement\n \n \n \n Transense Technologies plc\n \n \n (\"Transense\")\n \n \n \n Transense Wins Place on Prestigious UK Technology Acceleration Programme and grant funding of £135k for technology development\n \n \n \n \n \n \n \n \n Transense is pleased to announce that it has secured a place on the 6th wave of the Advanced Propulsion Centre's Technology Developer Accelerator Programme (TDAP). TDAP supports ambitious UK-based companies that are developing an innovative automotive-related technology which could support the shift to zero-emission vehicles.\n \n \n \n \n \n Selection for TDAP is a competitive process that sees applicants pass through rigorous assessment, selection and ongoing gateway processes driven by the APC and their hand-picked independent industry experts. Not only does this ensure that TDAP works with some of the most exciting concepts coming through the innovation pipeline, it also acts as a signal to the outside world that these companies are high-quality concepts with great teams behind them. TDAP allows businesses to give their innovations the boost they need. Alongside grant funding of £135k for technology development, participants work with the APC and their delivery partners focusing on: product development, market strategy, intellectual property management, investor readiness and networking. Companies that have completed TDAP have benefitted from developing prototypes and product demonstrators, finding new routes to market, developing new partnerships, and strengthening their strategies and business plans.\n \n \n \n \n \n \n Head of SME Programmes at the Advanced Propulsion Centre, Josh Denne said:\n \n \n \"We are delighted to be working with Transense as part of our Technology Developer Accelerator Programme (TDAP) supporting them to strengthen their business and help the global efforts to decarbonise transport.\n \n \n \n \n \n \n \n \n \n \"Our analysis shows that in total, since completing the programme, TDAP alumni have raised over £127m of private investment, 61% of that coming in 2021 - demonstrating the significant growth in green investment over the past 18 months.\n \n \n \n \n \n \n \n \n \n \"The technology developed by companies like Transense could play a crucial role in the automotive industry's net-...