Grant scheme announces 100th award
Grant scheme announces 100th award
2008-06-13Newsfeed
A high-tech Sedgefield-based company has become the one hundredth organisation to benefit from an £8 million fund set up to support projects in the North East.
A high-tech Sedgefield-based company has become the one hundredth organisation to benefit from an £8 million fund set up to support projects in the North East.
Regional development agency One NorthEast was charged with delivering the Department of Trade and Industry Research and Development (R&D) grant scheme when it was launched in April 2005. Since then it has helped firms across the region transform innovative ideas for products or processes into a business reality.
Kromek, formerly known as Durham Scientific Crystals, is the latest and 100th project to secure funding, with a £250,000 grant.
The money will be used to develop groundbreaking X-ray technology that will transform traditional X-rays into digital high definition, three dimensional, colour images.
"The new technology devised by Kromek has huge potential, from its immediate use in industrial inspection units to further applications in medical imaging and airport security," One NorthEast senior R&D finance manager Will Adams said. "This is exactly the type of innovative project the grant was designed to support and I am pleased that One NorthEast has been able to assist the firm at such a critical time in its development."
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