The objective of the Programme is to assist existing, or create new, high-growth companies based in Scotland, with the potential and capability to grow to companies of scale and generate significant economic impact in Scotland.
For the purposes of this Programme, Scottish Enterprise (SE) defines company of scale as having the potential to achieve at least £5 million additional turnover per annum or secure at least £10 million commercial investment within 5 years of trading as a direct result of licensing the intellectual assets which arise from supported projects.
Funding is available for three separate phases of support and this project has been awarded Phase1 - Proof of Commercial Opportunity. The key aim with Phase1 is to take commercially focussed (not blue sky) research proposals to a point at which the technology has been partially de-risked and shown to have commercial potential. Such projects are typically at TRL 2-3 and key activities include engaging with potential customers and demonstrate a market pull for the technology and de-risk the technology.
The anticipated outcomes from Phase 1 may include the application for further support from Scottish Enterprise towards establishing a commercial outcome using a Proof of Company award or, if appropriate, a licence of the background and foreground intellectual assets associated with the Project to either an existing Scottish company or the creation of a spin-out company.
The Ship Stability Project seeks to deliver an active system for damage control to resolve the survivability of ships, following flooding problems. Whilst maritime safety trends show improvement, the opposite is true for serious accidents, and it is flooding post-collision/grounding that claims most lives. The key reason is the vulnerability of all ship types to flooding, which, for passenger ships, may lead to catastrophic consequences. Design solutions have reached their limit in being able to offer damage stability improvements cost-effectively.