EMSOL secures government investment in scheme to back innovation in cutting-edge start-ups
EMSOL has successfully secured funding as part of a £40 million government investment in start-ups to drive forward new technological advances. The scheme was developed in order to promote “innovations borne out of the coronavirus crisis while supporting the UK’s next generation of cutting-edge start-ups’.
Business Secretary, Alok Sharma, commented on the aims of the scheme:
“The coronavirus crisis has created challenges that impact the way we live, work and travel but has also prompted a wave of new innovations as businesses look at ways to solve some of the challenges facing our world today.”
The investment will support innovative developments to the EMSOL Platform that further enable customers to take advantage of EMSOL’s actionable insights and tracking capabilities.
Freddie Talberg, Founder and CEO commented:
“We are so delighted that our innovation-led approach that is integral to our company DNA and responsive action to a solution was supported by the UK Government and Innovate UK. I know the competition was fierce with only a few hundred winners from the 8,600 applications.
We are motoring on with leading-edge technologies and developments that will make a major contribution to enable our customers to get back to work. We will be able to say more on this soon once our initial site tests prove workable.”
Government press release – https://www.gov.uk/government/news/40m-boost-for-cutting-edge-start-ups