The Technology Strategy Board is to invest up to £8m in an SBRI competition to encourage new ways of attracting people back to UK high streets.
The 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 £2m is available for feasibility studies in phase 1 of the competition, and up to a further £6m is available in a second phase to further develop successful phase 1 projects.
SBRI 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 £100k in phase 1, and up to £1.2m in phase 2. It is expected that phase 1 projects would last six months and phase 2 projects 24 months.
The competition opens on 13 January 2014.